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1. The exchange rate of the RMB exchange rate refers to the exchange ratio between RMB and USD currency. For example, how many dollars can be exchanged for 1 RMB and how much dollars can be exchanged for $ 1.
2. According to the exchange rate of the US dollar exchange rate of the offshore RMB, the RMB against the US dollar was calculated based on the calculation formula. The calculation formula is: RMB X RMB against the US dollar exchange rate = USD. For example, at 11:00 on October 16, 2021, the current exchange rate is 6.4441, and the RMB and USD are exchanged for: 100 yuan = 100/6.4441≈15.518 US dollars; $ 100 = 100x6.4441 = 644.41. The exchange rate is a floating value. It is divided into RMB exchange rate trend charts and US dollar exchange rate trend charts. The trend chart is divided by time. There are monthly trend charts, weekly trend charts, daily trend charts and 30 minutes and real -time trend charts. Because the data is huge, if you want to collect detailed exchange rate data, you need to follow the exchange rate trend chart and query and collect it day by day.
3. According to the RMB exchange rate of the US dollar exchange rate, such as: from 2015 to 2017, the highest exchange rate of the RMB against the US dollar was about 0.1635, the lowest was about 0.1442. As of October 16, 2021, the RMB exchange rate was about 0.15538.
4. According to the US dollar against the RMB exchange rate trend chart, it can be seen that from 2015, the exchange rate began to appreciate, and the exchange rate was born, indicating the depreciation of the RMB. From 2015 to early 2017, the US dollar exchange rate on the RMB from approximately 6.182 to 6.971, from 2017 to 2018, the US dollar against the RMB exchange rate began to decline, the lowest reached about 6.248, the 2019 US dollar's exchange rate of the RMB began to appreciate violently, and during the period, it returned slightly back. By bombs, the maximum value was approximately 7.189 by 2019. Since then, it has dropped all the way to the current 6.4441.
5, the exchange rate is a financial means adopted by the state to achieve its political and economic purpose. Judging from the trend of the US dollar against the RMB exchange rate, the higher its value, the more the renminbi depreciates. The depreciation of the RMB is conducive to export. The appreciation of the renminbi is conducive to import.
6. The exchange rate will rise and fall due to changes in interest rates, inflation, national politics, and economic factors. The foreign exchange market determines the exchange rate. The foreign exchange market is open to different types of buyers and sellers for extensive and continuous currency transactions. Foreign exchange transactions are uninterrupted 24 hours away from weekends.
7. The floating exchange rate system in my country was formulated in 2015. Since July 21, 2005, my country has begun to implement the market supply and demand, referring to a basket of currencies for regulation and control, and management floating system to maintain the basic stability of the RMB exchange rate at a reasonable balance.