What is the RMB exchange rate?

Answer The exchange rate for renminbi, also known as RMB or Chinese yuan, as of July 13, 2010 is 6.78 RMB to one US dollar. This is the lowest the exchange rate of RMB for dollars since 1993.References:Ch... Read More »

Top Q&A For: What is the RMB exchange rate

How to Calculate Exchange Rate?

If you're planning to go abroad and exchange your money for another currency, it's a good idea to figure out how much cash you'll have after the exchange. Here's how to do it.

What Is a Pegged Exchange Rate?

A pegged exchange rate is the same thing as a fixed exchange rate. This type of exchange rate is when the government of one country fixes or pegs the value of its national currency to the value of ... Read More »

What is a foreign exchange rate?

A foreign exchange rate is a ratio of the value of one currency with regard to a different currency. Simply, it is the price of exchanging the money of one country for that of another.ProcessA fore... Read More »

What is a forward exchange rate?

A forward exchange rate is the rate at which a foreign currency will sell for at some time in the future. For example, an investor enters into a foreign exchange contract today to buy euros three m... Read More »