It refers to the trading market where RMB is exchanged for several foreign currencies. It is operated and managed by Shanghai China Foreign Exchange Trading Center. The RMB foreign exchange market is an inter-bank foreign exchange market based on the foreign exchange supervision market. At present, we can only engage in spot transactions of RMB, US dollar, Hong Kong dollar, Japanese yen and other currencies, and cannot realize foreign currency exchange.

How many foreign currencies can RMB be exchanged for?

The foreign currencies that Chinese banks can exchange in RMB are: euro, pound, Swiss franc, US dollar, Singapore dollar, Swedish krona, Danish krona, Norwegian krona, Japanese yen, Canadian dollar, Australian dollar, Philippine peso, Thai baht, Korean won (currently only traded in some provinces and cities), 65,438+04 foreign currency, and NT and MOP * * 65,438+.