Euro to Chinese Yuan Renminbi — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: China

Currency Code, Symbol: CNY, ¥

Denominations of coins in circulation: RMB 0.1, RMB 0.5, RMB 1 (1, 5 角；1 元)

Denominations of banknotes in circulation: RMB 0.1, RMB 0.5, RMB 1, RMB 5, RMB 10, RMB 20, RMB 50, RMB 100

History: The Chinese yuan (symbol  ¥, code: CNY, number 156) is the main national currency in the People's Republic of China. CNY is used in conversions, and on the global exchange markets. One yuan is divided into 10 jiao, and the latter one contains 10 fen.Small coins are not commonly used in payments. The Chinese yuan was issued to the market in 1949. The predecessor of the currency was the yuan of Inner Mongolia. CNY is not used on the territory of two PRC cities: Hong Kong and Macao. These localities have their own currency units.Read More