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).

Euro

Euro

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.

7 Chinese Yuan Renminbi to Euro exchange rates chart

7 CNY to EUR exchange rates graph
7 CNY to EUR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

7 CNY to EUR exchange rates table

Exchange CNY to EUR
7 Chinese Yuan Renminbi = 0.900 Euro
14 Chinese Yuan Renminbi = 1.800 Euro
35 Chinese Yuan Renminbi = 4.499 Euro
70 Chinese Yuan Renminbi = 8.998 Euro
Exchange Chinese Yuan Renminbi to Euro
7 Chinese Yuan Renminbi to Euro Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best CNY/EUR rate at CEN-CHANGE in Paris

7 CNY to EUR exchange rates at CEN-CHANGE in Paris
7 Chinese Yuan Renminbi = 0.848 Euro
CEN-CHANGE
CEN-CHANGE

Currency Exchange Office in Paris : CEN Change. Buying and Selling Currencies at the Best Rate Euro Dollars Pounds Yen...Founded in 1892, Change-Est-Nord is one of the oldest money exchange offices in Paris Currency Exchange Services Exchange Currency Rates Currency Exchange Booking Currency Exchange Contact Contact & Information Contact us for all currency exchange information, buying and selling currencies, Our service is comprised of excellent exchange rates and fantastic customer service....

Best CNY/EUR rate at Bank of China in Shanghai

7 CNY to EUR exchange rates at Bank of China in Shanghai
7 Chinese Yuan Renminbi = 0.882 Euro
Bank of China
Bank of China

Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country’s central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China’s financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite...

Best CNY/EUR rate at BBVA in Barcelona

7 CNY to EUR exchange rates at BBVA in Barcelona
7 Chinese Yuan Renminbi = 0.855 Euro
BBVA
BBVA

At BBVA, we believe in a different type of banking. We do Responsible Business, and this means focusing all our activities on people. We know that there are many things we can improve, but we won't do business at any price. For this reason, we speak of profitability, but always bearing in mind the principals of integrity, caution and transparency. DESCRIPTION In Spain, Responsible Business means: Offering solutions to all families having difficulties paying their mortgage loans.Promoting...

Best CNY/EUR rate at Pott Change in Amsterdam

7 CNY to EUR exchange rates at Pott Change in Amsterdam
7 Chinese Yuan Renminbi = 0.819 Euro
Pott Change
Pott Change

For over 30 years, you can sell your money for other currencies or you can buy the currency you prefer at Pott Change. We offer you the best possible currency rates and we don’t charge commission or fees on changing currencies, buying or selling! Pott Change is located in the city centre of Amsterdam. Our office is located on Damrak 95, close to Damsquare and opposite to the Bijenkorf. We are opened seven days a week until 8.15 PM. More information about our services and exchange rates is...

Best CNY/EUR rate at Interchange in Vienna

7 CNY to EUR exchange rates at Interchange in Vienna
7 Chinese Yuan Renminbi = 0.651 Euro
Interchange
Interchange

In operation since 1990 the Interchange Group serves 3,300,000 customers annually, handling 550 million across 15 countries, including 9 major airports, 136 branches and numerous ATMs. It also has a network of more than 1,200 Western Union agencies. We’ve been changing, transferring and dispensing money for over 25 years. It’s what we do best. Today, we operate foreign exchange and ATM services in Central and Eastern Europe’s three leading airports: Vienna, Prague and Budapest. We also...

Best CNY/EUR rate at Bank of Ireland in Dublin

7 CNY to EUR exchange rates at Bank of Ireland in Dublin
7 Chinese Yuan Renminbi = 0.863 Euro
Bank of Ireland
Bank of Ireland

The Bank of Ireland Group is a diversified Financial Services Group. Bank of Ireland, now a subsidiary of Bank of Ireland Group plc, was established in 1783 by Royal Charter. A traditional, relationship-driven retail and commercial bank with a conservative business philosophy, we have a clear and compelling strategy to: Key strategic objectives Transform the Bank – improving our culture, systems and business model Serve customers brilliantly – by being the #1 for service Grow sustainable...

Best CNY/EUR rate at No1 Currency in Dublin

7 CNY to EUR exchange rates at No1 Currency in Dublin
7 Chinese Yuan Renminbi = 0.844 Euro
No1 Currency
No1 Currency

FEXCO, Ireland’s most successful independent multinational financial services provider, has today crowned a period of rapid expansion of its foreign exchange retailer No.1 Currency, by opening its 50th branch in the Westfield Shopping Centre in Stratford. FEXCO also announced a further network expansion of No.1 Currency with plans to open 20 new branches across the UK and Ireland creating 50 new jobs. When the No.1 Currency brand was purchased by FEXCO in 2012, it operated a network of 15...

Best CNY/EUR rate at Exchange AG in Munich

7 CNY to EUR exchange rates at Exchange AG in Munich
7 Chinese Yuan Renminbi = 0.813 Euro
Exchange AG
Exchange AG

Impressum Exchange AG Deutschland Gesetzliche Vertreter: Andrea Ruhfus (Vorstand) und Michael Diell (Vorstand) Vorsitzender des Aufsichtsrates: Michael Hollmann Anschrift: Exchange AG Deutschland Eisenacher Str. 85 10781 Berlin Tel.: +49 800 - 58 95 374 Fax: +49 30 - 319 917 829 E-Mail: [email protected] HRB 64978 Amtsgericht Charlottenburg USt-IdNr.: DE 197900401 Aufsichtsbehörden: 1. Geldwechselgeschäft: Bundesanstalt für Finanzdienstleistungsaufsicht, Graurheindorfer Str. 108, 53117 Bonn...

Best CNY/EUR rate at ReiseBank in Munich

7 CNY to EUR exchange rates at ReiseBank in Munich
7 Chinese Yuan Renminbi = 0.987 Euro
ReiseBank
ReiseBank

Alle Währungen Hier finden Sie viel Wissenswertes rund um fast alle Währungen und Länder der Welt Zu fast jedem Land der Erde finden Sie die Devisen- und Bargeldbestimmungen für das jeweilige Land und eine Abbildung einer landestypischen Banknote. Rufen Sie ein Land auf, indem Sie einige Buchstaben des Ländernamens eingeben und das gewünschte Land auswählen. Alle Informationen werden nach bestem Wissen, aber ohne Gewähr, veröffentlicht. Es wird keine Haftung für Schäden übernommen, die auf...

Best CNY/EUR rate at Euro Change in Berlin

7 CNY to EUR exchange rates at Euro Change in Berlin
7 Chinese Yuan Renminbi = 0.813 Euro
Euro Change
Euro Change

Europa-Center 10789 Berlin Phone: 030-2611484 Fax: 030-2628846 Mon-Fri 9am - 8pm Sat 9am - 8pm Kurfürstendamm Show in GoogleMaps S-Bhf. Alexanderplatz 10178 Berlin Phone: 030-2415097 Fax: 030-2415096 Mon-Fri 8am - 8pm Sat 8am - 8pm Alexanderplatz Show in GoogleMaps Berlin-Mitte Friedrichstr. 80 10117 Berlin Phone: 030-2043735 Fax.: 030-2043745 Mon-Fri 10am - 7pm Sat 10am - 3pm Französische Straße Show in GoogleMaps Steglitz Hubertusstraße 14 12163 Berlin Phone: 030-7928020 Fax: 030-7927141...

7 CNY to EUR exchange rates news

Tesla says cuts price for Model X, S in China

BEIJING/SHANGHAI (Reuters) - Tesla Inc is...

conditional neutral
Bumpy ride: Bruised Euro-zone economy stumbles on after 2018 beating

Germany’s supposed powerhouse economy contracted over the summer, and Italy is not only shrinking but also reviving memories of the regional debt crisis.

indicative negative
Polish political leader rejects converting to euro currency

The leader of Poland's ruling party has spoken against the conversion to the European Union's currency, the euro

imperative neutral
Euro Drops Vs Most Majors Ahead Of German Industrial Production

BRUSSELS (Alliance News) - At 2:00 am ET Friday, Destatis will release German industrial ...

conditional positive
Euro Paper Talk: Pogba the bait as Man Utd look to entice Italy playmaker

Manchester United are making ambitious plans to offer Paul Pogba in exchange for a €120m-rated Italy star, while a Liverpool target has admitted he could be ready to move on, according to Tuesday's European papers.

conditional neutral

7 CNY to EUR currency converter