FXRate is a financial term, referred to as FXRate, FXRate is the abbreviation of English “Foreign Exchange Rate” ().
The price of a foreign currency in terms of its own country is ultimately determined.
Generally concentrated in commercial banks and other financial institutions.
The purpose of their trading foreign exchange is to pursue profit, the method is cheap buy expensive sell, earn the price difference, the exchange rate of the basis when its buying foreign exchange is buying exchange rate, also say;
The rate at which foreign exchange is sold. Also known as the rate at which foreign exchange is sold.
In simple terms, foreign exchange rate refers to the exchange rate between two currencies. It can also be viewed as the value of one country’s currency against another.
It can also be said that the domestic currency to represent the price of foreign currency, its level is ultimately determined by the foreign exchange market.
The foreign exchange rate is expressed as the amount of domestic currency that can be exchanged by unit of foreign exchange. China generally adopts 100 units of foreign currency as units for calculation, which is to express the price of foreign currency with RMB.
When more RMB can be exchanged for 100 units of foreign currency, foreign currency relative to, at this time, China’s export is favorable, unfavorable to import.
If the amount of RMB that can be exchanged for 100 units of foreign currency decreases, it means that the foreign currency depreciates and the RMB appreciates. At this time, it is advantageous to our import and disadvantageous to our export.
