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Leo 2y ago

Advanced financial mathematics: Calculate the RMB/CNY exchange rate:

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Corrado Alvaro 2y ago

“RMB” = HKD?

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Leo 2y ago

Then what would be their “home” exchange rate?

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Corrado Alvaro 2y ago

“One country” so it’s all one big home for them over there.

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NEW1 2y ago

For an general understanding of currency imbalances check out these. Its one of the problems #bitcoin fixes

https://en.wikipedia.org/wiki/Big_Mac_Index

#[1]