EUR/CNY: what to know
The EUR/CNY rate shows how much CNY you get for 1 EUR. Right now, 1 EUR buys 7.7812 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.1285 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while CNY responds to PBoC decisions and Chinese growth.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the EUR/CNY rate has ranged between 7.6925 and 8.4092 — a change of -6.99% 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.