What exchange rate is what constellation _ what exchange rate?

Exchange rate refers to the ratio or price of one country's currency to another country's currency, or the price of another country's currency expressed in one country's currency. Exchange rate calculation:

1. Direct quotation:

Rate of exchange rate appreciation and depreciation = (old exchange rate/new exchange rate-1)* 100

2. Indirect pricing method:

Rate of exchange rate appreciation and depreciation = (new exchange rate/old exchange rate-1)* 100

The result is that a positive value indicates the appreciation of the local currency, and a negative value indicates the depreciation of the local currency.

It should be noted that the exchange rate is constantly fluctuating.

Exchange rate formula: 1/ Real-time exchange rate.

1/6.6974≈0. 1493。 So you need 0. 1493 USD to buy 1 RMB. This is a RMB/USD currency pair, and the currency position will be reversed.

1 USD can be exchanged for 6.6974 RMB? In other words, US$ 65,438 +0 is approximately equal to 7 yuan RMB.

Extended data

Exchange rate refers to the ratio or price of one country's currency to another country's currency, or the price of another country's currency expressed in one country's currency. Exchange rate changes have a direct regulatory effect on a country's import and export trade. Under certain conditions, the devaluation of the local currency, that is, lowering the exchange rate, will promote exports and restrict imports; On the other hand, the appreciation of the local currency, that is, the rise of the exchange rate, plays a role in restricting exports and increasing imports.

References:

Baidu encyclopedia-exchange rate