Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).



The euro (sign: €; code: EUR) is the official currency of the European Union and its territories. Currently, 19 of 28 member states use the euro; this group of states is known as the eurozone or euro area. It is the second largest and second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents. The currency is also officially used by the institutions of the European Union and its territories, four other European countries, as well as unilaterally by two others, and is consequently used daily by some 343 million Europeans as of 2018. Outside Europe, a number of overseas territories of EU members also use the euro as their currency. Additionally, 290 million people worldwide as of 2018 use currencies pegged to the euro. The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. As of August 2018, with more than €1.2 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world, having surpassed the U.S. dollar.The name euro was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by May 2002 it had completely replaced the former currencies. While the euro dropped subsequently to US$0.83 within two years (26 October 2000), it has traded above the U.S. dollar since the end of 2002, peaking at US$1.60 on 18 July 2008. In late 2009, the euro became immersed in the European sovereign-debt crisis, which led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising and strengthing the currency.

1 Chinese Yuan Renminbi to Euro in Drogheda FAQs

What is 1 CNY to EUR in Drogheda?

The meaning of 1 Chinese Yuan Renminbi to Euro in Drogheda is to exchange 1 CNY to EUR by applying the latest currency rate in DROGHEDA,LH,L,IE. The actual exchange rates you can get vary between different bureau de changes and the chart below is the latest inter-market exchange rates in Drogheda.

Who can convert 1 CNY to EUR in Drogheda?

Anyone with 1 Chinese Yuan Renminbi can find a bank or a bureau de change in Drogheda to convert into Euro. However, if neither CNY nor EUR is the local currency in DROGHEDA,LH,L,IE. It might be quite difficult to find a money exchange to faciliate the exchange. That's why we are offering the details about local currency exchanges to save your time of searching around for the right place.

When to exchange 1 CNY to EUR in Drogheda?

Due to the nature of the forex market, the exchange rates for 1 CNY to EUR in Drogheda is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local money changers in DROGHEDA,LH,L,IE so that you won't be affected for any future rate changes.

Why do I want to convert 1 CNY to EUR in Drogheda?

Most likely you are traveling and want to get some Euro cash in Drogheda. Or you've just came back from a recent trip or received cash transfer from overseas in DROGHEDA,LH,L,IE. There are many reasons to convert 1 CNY to EUR in Drogheda. And we believe you should be getting the best exchange rate available in Drogheda to exchange the currency.

Where to exchange 1 CNY to EUR in Drogheda?

Usually you can find a local bank, post office or bureau de change to exchange 1 CNY to EUR in Drogheda. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers in Drogheda. That's the exact reason why we are doing the homework for you to find the best local bureau de change in Drogheda to avoid being ripped off. All you need to do is input the amount of Euro you want to buy or sell and we will show you where to find the best rate in DROGHEDA,LH,L,IE. No forex exchange commissions or fees required!

How to convert 1 CNY to EUR in Drogheda?

Use the tool we provided here to find the best exchange rates for 1 CNY to EUR in Drogheda. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 1 Chinese Yuan Renminbi in hand then exchange the cash you want in store or online. It's just that simple with no fees or commissions from us!

Best CNY/EUR rate at Bank of Ireland in Drogheda

1 Chinese Yuan Renminbi to Euro in Drogheda
1 Chinese Yuan Renminbi = 0.122 Euro
Exchange CNY at Bank of Ireland to EUR in DROGHEDA,LH,L,IE
1 Chinese Yuan Renminbi = 0.122 Euro
2 Chinese Yuan Renminbi = 0.243 Euro
5 Chinese Yuan Renminbi = 0.608 Euro
10 Chinese Yuan Renminbi = 1.216 Euro
Exchange Chinese Yuan Renminbi at Bank of Ireland to Euro in Drogheda
Bank of Ireland
Bank of Ireland

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Bank of Ireland in Drogheda

Bank of Ireland, 14 St Laurence Street, Drogheda, Co Louth, A92 E921

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1 Chinese Yuan Renminbi to Euro in Drogheda Tweets

1 CNY to EUR added 1 tweet
2020-06-26 15:42:13 UTC
RT @Janet_Itambo: Gonna have it. That I should I have sympathy for them because they came from Drogheda. Just imagine I have clients…
1 CNY to EUR added 1 tweet
2020-06-26 15:41:32 UTC
RT @Janet_Itambo: These girls were coming from Drogheda. I told them the day before to please come on time as I’ve a busy day and I’l…
1 CNY to EUR added 1 tweet
2020-06-26 15:40:14 UTC
Delighted to see the new "High Man" art installation at the Drogheda Workspace Centre. Thanks to Paul Lappin! Unvei…

1 Chinese Yuan Renminbi to Euro in Drogheda Videos

A92 run av9 with their weapons into Louth ink.
This is a short video on a small amount of the historical locations in Drogheda, Co Louth. Drogheda is a town that is over 800 ...
Goals from Mark Doyle, Jordan Adeyemo, Chris Lyons, Jack Tuite and Sean Brennan saw the Boynesiders beat UCD 5-1 at ...

1 Chinese Yuan Renminbi to Euro in Drogheda News

Drogheda shop assailant arrested by gardaí at Covid-19 checkpoint

Man threatened female shop worker with syringe and demanded money, say gardaí

3 months indicative positive
Personal grudges and taunts ratcheting up Drogheda gang violence

Aftermath of Robbie Lawlor killing has chilling echoes of Limerick gang feud in 2003

3 months imperative negative
Irish pub raising money for charity by hosting famous bingo night online

Barney Mac’s in Drogheda, Co Louth, attracts an army of punters for its Monday sessions

about 2 months conditional positive

Drogheda Overview

Drogheda (/ˈdrɒhədə, ˈdrɔːdə/; Irish: Droichead Átha, meaning "bridge of the ford") is one of the oldest towns in Ireland. It is located on the Dublin–Belfast corridor on the east coast of Ireland, mostly in County Louth but with the south fringes of the town in County Meath, 49 km or 30 miles north of Dublin. Drogheda has a population of approximately 41,000 inhabitants (2016), making it the third largest town by population in all of Ireland. It is the last bridging point on the River Boyne before it enters the Irish Sea. The UNESCO World Heritage Site of Newgrange is located 8 km west of the town.
Drogheda, 1749.

Drogheda was founded as two separately administered towns in two different territories: Drogheda-in-Meath (i.e. the Lordship and Liberty of Meath, from which a charter was granted in 1194) and Drogheda-in-Oriel (or 'Uriel', as County Louth was then known). The division came from the twelfth-century boundary between two Irish kingdoms, colonised by different Norman interests, just as the River Boyne continues to divide the town between the dioceses of Armagh and Meath. In 1412 these two towns were united, and Drogheda became a 'County Corporate', styled as 'the County of the Town of Drogheda'. Drogheda continued as a County Borough until the setting up of County Councils through the enactment of the Local Government (Ireland) Act 1898, which saw all of Drogheda, including a large area south of the Boyne, become part of an extended County Louth. With the passing of the County of Louth and Borough of Drogheda (Boundaries) Provisional Order, 1976, County Louth again grew larger at the expense of County Meath. The boundary was further altered in 1994 by the Local Government (Boundaries) (Town Elections) Regulations 1994. The 2007–2013 Meath County Development Plan recognises the Meath environs of Drogheda as a primary growth centre on a par with Navan.

In recent years Drogheda's economy has diversified from its traditional industries, with an increasing number of people employed in the retail, services, and technology sectors.[citation needed] The town also has a community of independent artists and musicians who have been looking to the local economy rather than Dublin for employment.[citation needed] Drogheda was also selected to host Fleadh Cheoil na hÉireann 2018.[4]

1 Chinese Yuan Renminbi to Euro in Drogheda Currency converter