Exchange rate refers to the value of one currency in relation to another. It is the price at which one currency can be exchanged for another. Exchange rates are determined by a variety of factors, including supply and demand for each currency, economic and political conditions in each country, interest rates, inflation rates, and other factors.
On Tuesday, it was difficult for USD/CNH to gain clear momentum, and the entire Asian market fluctuated within a narrow range around the 7.2900 mark. The central parity rate set…
