100 RMB Foreign Currency and 100 Foreign Currency What does RMB mean

All indicate the exchange rate, which is the exchange ratio between the currencies of various countries, because in China you can only buy things in RMB, while in the United States you can only use US dollars, and people do not accept RMB.

100 RMB = ** Foreign Currency is an indirect pricing method.

100 foreign currency = ** RMB is the direct pricing method.

To put it simply, you buy and sell foreign currency as a commodity, 100 foreign currency = RMB is 100 foreign currency in China, and 100 RMB = foreign currency is the amount of their country's currency that foreigners have to pay to buy 100 RMB as a commodity.

This is the two pricing methods used in foreign exchange:

Based on RMB.

100 RMB = ** foreign currency for the indirect pricing method, 100 foreign currency = ** RMB for the direct pricing method, generally China is using the direct pricing method, in the international foreign exchange market is mostly based on the US dollar to use the direct pricing method, only a few currencies such as the pound sterling are quoted when the indirect pricing method is used.

Foreign currencies and renminbi here have no special meanings. I don't know why you're asking, so let's give you a brief introduction :).

100 RMB = **Foreign Currency is how much foreign currency 100 RMB is exchanged for.

100 foreign currency = ** RMB is how much RMB 100 foreign currency is exchanged for.

Exchange rate. The proportion of equivalent exchange at the rate of international currency exchange.

Foreign currency refers to a currency other than the "local currency", which is a functional currency relative to the domestic currency.

RMB 100 foreign currency refers to the exchange rate of 100 foreign currency to RMB, such as the US dollar (which is a foreign currency), the 100 US dollar RMB exchange rate.

How much RMB can be exchanged for 100 foreign currencies, the general trading unit is 100

Currency ** Trading Unit Exchange Rate Exchange Rate (RMB) **Price Selling Price.

US Dollar (USD) 100

For example, if today's USD** rate is, then 100 foreign currencies can be exchanged for 635 yuan.

That is, it is written out as a foreign currency of 635,100 US dollars.

RMB A 100 foreign currency is actually an expression of the exchange rate. Indicates the amount of RMB that can be exchanged for every 100 foreign currencies.

100 foreign currency is equal to how much RMB.

The exchange rate between RMB and foreign currencies, that is, 1 RMB = 100 foreign currencies.

There are two expressions of the exchange rate, direct price and indirect price, China uses direct price, and the exchange rate is expressed in terms of how much RMB can be exchanged for 100 foreign currencies.

1) Direct pricing method.

direct

quotation)

Also known as the price payable method.

It refers to a certain unit (1 or 100, etc.).

A method of denominating foreign currency into several units of national currency as a standard.

The direct pricing method indicates how much local currency should be paid for a certain unit of foreign currency, or how much domestic currency should be charged for selling a certain unit of foreign currency. Using the direct pricing method, the size of the exchange rate change is in the opposite direction to the value of the local currency, and the same direction as the value of the foreign currency.

2) Indirect pricing method (indirect

quotation)

Also known as the receivable pricing method, it is a pricing method that takes a certain unit (1 or 100 or so on) of domestic currency as the standard and converts it into a number of foreign currencies. Using the indirect pricing method, the size of the exchange rate change is in the same direction as the value of the local currency and the opposite direction of the value of the foreign currency.

Basically, but this is called the middle price, and there is also the cash spot exchange rate and the selling price. It's all around the middle price.

For example, if you use 100 pounds to exchange for RMB, you can only exchange it for 1,000 yuan. (The lowest price of cash**, lower than the median price).

If you use 100 pounds in cash, which is the pounds in your account instead of cash, you can exchange about 1,050 dollars. (The spot exchange rate ** is a little higher, but it is still lower than the middle price).

If you use RMB to buy 100 pounds, you will need 1,100 RMB, regardless of whether you want cash or hang it on your account. (The selling price is higher than the median price).

** and sell from the bank's point of view.

What you said above is the middle price, which is just between **selling**, which is convenient for personal reference and the bank to do historical records. How much you need to buy £100 depends on the selling price at the time.

In short, the bank buys low and sells high, and will not serve you in vain!

GBP 100 = Chinese Yuan.

With 100 pounds as the base currency, how much is the exchange of RMB for the expression:

£10 = Chinese Yuan.

The exchange rate of the US dollar is about the foreign exchange rate, and the exchange rate of the local currency is the RMB 1 US dollar, and the explanation is relatively comprehensive.

This is to use the foreign currency as the local currency, and the RMB as the foreign currency means 100 pounds sterling = RMB yuan.

With 100 pounds as the base currency, how much is the exchange of RMB for the expression:

£10 = Chinese Yuan.

Good explanation, for example, the exchange rate of the US dollar and the yuan is about the foreign exchange rate, and the exchange rate of the local currency is the yuan 1 US dollar.

The exchange rate is divided into direct pricing method and indirect pricing method The direct pricing method (or payable pricing method) generally used in China refers to how much RMB can be exchanged for a unit of foreign currency.

I don't know if this is professional enough, I don't understand what you said about foreign exchange rates and local currency exchange rates.

How much RMB can be exchanged for 100 foreign currencies, the general trading unit is 100 currencies**.

Unit of Trade. Exchange rate.

Exchange (RMB).

**Price. Ask price.

US Dollar (USD).

Currency exchange.

100 RMB = USD.

What do you mean? It seems that there is no foreign currency that has a one-to-one exchange rate with the renminbi.

The exchange rate is constantly changing, please refer to the current exchange rate of the day you need when using it, and the exchange rate at the bank counter and online banking is based on the real-time ** at that time.

Inquiry channels:1Forex trends are attached on the Forex software.

2.Major financial **also foreign exchange**.

3.The exchange rate can also be queried through the foreign exchange inquiry tool that comes with the mobile phone4Most mobile apps also come with exchange rates for major currencies.

A- The exchange rate of foreign currencies changes [every minute per second] in response to changes in the international financial market.

This is the Kenyan 2004 edition of the 100 shilling note. On the obverse is Kenya's **Daniel arap Moi.

Kenyan shillings are non-convertible foreign currencies in China, so they can't be exchanged for money, but they have collector's value, and a new one is worth about 18 yuan in the stamp currency trading market.

This is the meaning of Swahili, the lingua franca of East Africa, and the National Bank of Kenya.

RMB Ken shilling, Kenyan, congratulations on getting 10 yuan.