buffalo bone jewelry wholesale If the exchange rate of the RMB against the US dollar drops from USD/CNY = 8.2789 to USD/CNY = 8.1111, how much is the RMB appreciation?

scarab jewelry wholesale Please see the calculation.
8.2789-8.1111 = 0.1678
0.1678/8.2789 = 0.0203 = 2.03%, an appreciation of 2.03%.

The most popular in the RMB appreciation is the increase in the purchasing power of the RMB (for example, the current 6.3654 RMB can be exchanged for $ 1, and after the appreciation, you can only buy 3 yuan or 6.3654 yuan to buy it. 2 USD). For example, in the international market (only in the international market can the renminbi purchasing power enhance), the original one yuan can only be bought for one unit of goods, and more units of goods can be bought after the RMB appreciate. The exchange rate is intuitively reflected.
The foreign exchange reserves in China. After the appreciation of the renminbi, the number of foreign exchange reserves will become less (for example, now it is 4 trillion US dollars, equivalent to 25 trillion yuan. For 100 million yuan, it turned out that the money owed to China was half off). In diplomatic causes, it is even more terrible than becoming a bunch of waste paper (China People's Bank of China released data on July 15, 2014, and Chinese foreign exchange reserves reached 3.99 trillion US dollars at the end of June).
The appreciation of the United States is the largest debt -free country. Its economic crisis began to depreciate when other countries began to depreciate, so that the assets of other countries have evaporated with the money owed by other countries to eat and drink), that is, the US consumer world pays.
RMB exchanged for the US dollar and sold the price according to the current remittance. If the US dollar is exchanged for RMB, if you want to transfer the transfer, buy the price at the current exchange. If you want to withdraw, buy the price according to cash. Exchange of other currencies.
Example: 100 yen can be changed to 5.1905 (transfer: now foreign exchange purchase price) RMB.
Is when banks are selling foreign currencies, the price of current foreign exchange is the same as the price of cash. When buying foreign currencies, the price of the current exchange is higher than the price of cash.
The cash buying price is the local currency amount that the bank should pay to the seller when buying a unit of foreign currency cash.
It if the user is purchased, the remittance must be selected to be purchased, otherwise the cash is needed to convert the cash to existing, and the cash will be paid to the exchange fee. Calculating formula for banking transfer fees: bank remittance fee (RMB) = remittance amount (foreign currency) x (now the current exchange price-cash buy price).
The exchange rate for the US dollar and reference exchange rate is for reference only.

wholesale kundan jewelry jaipur The question of the subject is how much RMB appreciates at this time?
The correct answer is
1, 8.2789-8.1111 = 0.1678
2, 0.1678/8.2789 = 0.0203 = 2.03%
. 2.03%means that the US dollar has depreciated 2.03%compared to the RMB at this time.
3, the appreciation of the RMB relative to the US dollar to 1/(1-2.03%) -1 = 0.02072 = 2.072%