1. Foreign exchange rate is the rate, parity or price of converting one country's currency into another; It can also be said that it is a foreign currency price expressed in domestic currency.

Of course, the local currency exchange rate is the price of local currency expressed in foreign currency.

For example: 1 USD =6.84463 yuan.

The foreign exchange rate is 1 USD = 6.84463 RMB.

The local currency exchange rate is 1 RMB pair 1/6.84463 USD.

RMB to USD = RMB ÷ exchange rate

USD/RMB = USD × exchange rate

2. Does the rise of foreign exchange rate mean RMB appreciation or depreciation?

The exchange rate is the price of foreign currency. Money itself is a commodity, but people are not used to treating money as a commodity.

In foreign exchange transactions, it is much easier for you to treat foreign currency directly as a commodity, and the exchange rate is the price of foreign currency.

In this way, we can understand the relationship between exchange rate and RMB. The exchange rate rises, that is, the price of foreign currency rises, that is, the RMB depreciates. or vice versa, Dallas to the auditorium

Devaluation can be understood in this way. In a market economy, the most direct factor affecting commodities is the relationship between supply and demand. The depreciation of the exchange rate means that supply exceeds demand, so the currency depreciates.

3. RMB appreciation, foreign exchange rate is up or down? What does RMB appreciation mean to the change of China's foreign exchange rate?

RMB exchange rate refers to the ratio of RMB to foreign currency. The appreciation of RMB means the appreciation of RMB exchange rate. If the foreign exchange rate drops (the RMB exchange rate rises), the RMB converted from 100 unit of foreign exchange decreases and the RMB appreciates; On the contrary, the opposite is true.