1 Chinese Yuan Renminbi to Euros

Find the daily exchange rates for CNY/EUR and for all the top World currencies.

Countries That Use Chinese Yuan Renminbi (CNY) as their official currency

The Chinese Yuan Renminbi (CNY) is used as the main currency in the following countries: China, People's Republic of

Countries That Use Euro (EUR) as their official currency

The Euro (Euro) is used as the main currency in the following countries: Akrotiri and Dhekelia, Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Latvia, Luxembourg, Malta, Monaco, Montenegro, Portugal, San Marino, Slovakia, SloveniaSpain, Vatican City, Netherlands

About The Chinese Yuan Renminbi (EUR)

The EUR - Euro - is the official currency of the Eurozone, which consists of 20 of the 27 member states of the European Union (EU). It is symbolized by '€' and is abbreviated as 'EUR.' The Euro is the second most traded currency in the world, after the US Dollar, and is used by over 340 million people across Europe. The Euro plays a crucial role in unifying European economies, promoting trade, and providing financial stability across the member nations. The name 'Euro' was officially adopted in 1995, and the currency was introduced in 1999 for electronic transactions, with physical banknotes and coins entering circulation in 2002.

The introduction of the Euro marked a significant step toward European integration, enabling easier trade and travel between member countries. It replaced national currencies such as the Deutsche Mark, French Franc, Italian Lira, and Spanish Peseta, among others. The adoption of a single currency aimed to eliminate exchange rate fluctuations, reduce transaction costs, and strengthen economic ties within the European Union. The Euro is managed by the European Central Bank (ECB), which works alongside the national central banks of the Eurozone countries to formulate and implement monetary policy, maintain price stability, and support economic growth.

The Euro is issued in both coin and banknote forms, each of which is uniform across the Eurozone. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as 1 and 2 Euro coins. Each coin has a common European design on one side and a country-specific design on the other, reflecting both unity and the unique national identities of the member countries. Banknotes are issued in denominations of 5, 10, 20, 50, 100, 200, and 500 Euros, although the 500 Euro note is being gradually phased out due to concerns over its use in illegal activities. The banknotes feature architectural styles from different periods of European history, symbolizing openness, cooperation, and progress across the continent.

The Euro plays a key role in international trade, not only within Europe but globally. Many countries outside of the Eurozone use the Euro as an anchor currency or hold significant reserves of it due to its stability and importance in global finance. The Euro's value is influenced by a wide range of factors, including monetary policy decisions by the ECB, economic data from major Eurozone countries, political stability, and international trade dynamics. The Eurozone's collective economic strength, which includes major economies like Germany, France, Italy, and Spain, helps to sustain the Euro's position as a dominant global currency.

The Euro is used in everyday transactions across the Eurozone, from buying groceries in local markets to paying for services and travel across borders. Tourists traveling throughout Europe benefit significantly from the Euro, as it eliminates the need for currency exchange between member states, making travel and commerce more convenient. The adoption of the Euro has helped create a sense of shared European identity and has made it easier for citizens to work, live, and study across different countries within the Eurozone.

Despite its many benefits, the Euro has faced challenges since its introduction, particularly during the European debt crisis of the early 2010s, which exposed the difficulties of having a shared currency without full fiscal integration. The crisis led to the introduction of stricter fiscal rules and the establishment of financial safety nets, such as the European Stability Mechanism (ESM), to support struggling economies and maintain financial stability. The Euro has since demonstrated its resilience, adapting to economic challenges and continuing to serve as a symbol of European unity, cooperation, and economic strength.

Today, the Euro remains a vital part of the global financial system, representing not only the economic power of the Eurozone but also the vision of a united Europe. It stands as a testament to the collective aspirations of the member nations to foster economic growth, enhance cooperation, and ensure financial stability for all. The Euro is more than just a currency; it is a powerful symbol of European solidarity and integration, embodying the ideals of a continent that values openness, progress, and shared prosperity.

About The Chinese Yuan Renminbi (CNY)

The CNY - Chinese Yuan - is the official currency of the China in Asia. There are 10 jiao or 100 fen in each 1 Yuan ( its sub-unit ). The symbol for CNY is ¥. A variety of currencies circulated in China during the Republic of China era. In 1948 during the Chinese Civil War, the People's Bank of China issued a unified currency known as the Renminbi or 'people's currency'. Yuan in Chinese literally means a 'round object' or 'round coin'.

Chinese Yuan Renminbi (CNY) Frequently Used Conversions