Foreign Exchange Rate

1 Dollar = 7 Yuan

1 Dollar = 8 Yuan means

• US dollars have more purchase power;
• more yuan and fewer dollar in the trading market;
• dollar price UP and yuan price DOWN;
• In China, the Yuan depreciates, and it requires more Yuan to buy a particular good, so more Chinese want to buy US dollars;

1 Dollar = 6 Yuan means

• US dollars have less purchase power;
• more dollar and fewer yuan in the trading market;
• dollar price DOWN and yuan price UP;
• In China, the Yuan appreciates, and it requires less Yuan to buy a particular good, so fewer Chinese want to buy US dollars.