That is, the exchange rate with foreign currency.
RMB represents the external value of RMB.
The State Administration shall, in accordance with the principle of independence and unity, formulate and adjust the provisions with reference to the comparison of prices at home and abroad and the fluctuation of exchange rates in international financial markets.
It is published daily at home and abroad.
Since the exchange rate for settlement of all foreign exchange receipts and payments is the official exchange rate and there is no market exchange rate, the price method adopts the international direct price method, that is, the foreign currency amount of a fixed unit (such as 100, 10,000, 100000, etc.) is converted into a certain amount of RMB, which is used to express the exchange rate of RMB against foreign currencies.
