Ask you economic and financial questions: please describe what is static foreign exchange and what is dynamic foreign exchange in the most popular language? I can't watch it online! What is the exchange rate? ... Before China's exchange rate reform, the exchange rate of RMB against the US dollar was fixed at 1 US dollar against 8 yuan RMB for a long time, which was static. After the exchange rate reform, the RMB gradually appreciated, and the RMB once climbed to 6.8, fluctuating around this price for some time. This year, due to the depreciation of the US dollar, the RMB has risen to around 6.7, which is a semi-static process. The free foreign exchange market trades 24 hours a day (Monday to Friday), which is dynamic.

1 USD buys RMB gradually, that is, the depreciation of USD against RMB, that is, RMB appreciation means RMB exchange rate appreciation.

The ratio of US dollar to RMB, usually called exchange rate, is actually a quotient. Foreign deposits are actually a lever, 100 times or 200 times, which means you can do things with 1 yuan. Risks and profits have increased a hundredfold. China Merchants Bank can do foreign exchange, but there is no margin system. It is not recommended to do it on the domestic platform. That kind of income is not as big as the stock space. The fluctuation range of foreign exchange in one day is 1%, and the stock can still 10% in one day.