Joke Collection Website - Joke collection - What do you mean by RMB exchange rate appreciation and decline?
What do you mean by RMB exchange rate appreciation and decline?
Simply put, the exchange rate is a comparison of the sizes of two currencies.
At present, 1 USD can be exchanged for 6.3745 RMB.
The requirements of the United States are 1 for 6.2, 6.0, 5.5 yuan RMB, and even 1 for 3 yuan RMB.
Imagine that if US$ 65,438 +0 =3 yuan RMB, the commodity prices in China will be very high. Of course, we will find it very cheap to buy things from other countries in RMB.
If you want to travel and study abroad, it will be very cheap.
The problem now is that China's RMB is not a freely convertible currency, and Americans feel very unhappy because they can't control the ratio of RMB to US dollar.
Therefore, they think that China is controlling the price of RMB.
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