CNY/EUR: what to know
The CNY/EUR rate shows how much EUR you get for 1 CNY. Right now, 1 CNY buys 0.1280 EUR at the mid-market rate. In the other direction, 1 EUR is worth 7.8104 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while EUR responds to ECB policy and eurozone growth.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the CNY/EUR rate has ranged between 0.1189 and 0.1300 — a change of +6.86% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.