What is the decision to get the foreign exchange rate of the human currency?

Can people exchange foreign exchange by themselves? The exchange rate is determined by the guy, is it the bank's mouth?

3 thoughts on “What is the decision to get the foreign exchange rate of the human currency?”

  1. Theoretically, the exchange rate is determined by the supply and demand of the foreign exchange market. In -depth is to regulate the deficit and surplus of international trade in various countries. In a country with a trade deficit, currencies will depreciate. vice versa.

    But in fact, countries have huge foreign exchange reserves to control the exchange rate of domestic currencies. Through the country's buying and selling domestic currency in the foreign exchange market, the purpose of regulating the exchange rate. Make your country profit in international trade. The United States, China, and the European Union are no exception.

    In China, the people have restricted foreign exchange.

  2. Foreign exchange rates are determined by the supply and demand and purchasing power of currencies between countries. The foreign exchange rate of the renminbi is concerned about the US dollar and the possibility of appreciation.

    The exchange rate is not for the bank, but if you want to exchange, at this time the bank has its own sale and selling quotes. If this perspective, it is considered.

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