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China's yuan plunges again. Is a currency war coming?

Still, these are small-scale agreements, and Central Banks are really just testing the waters. Kuwaiti dinar to Philippine peso exchange rate. That means that as a country grows economically and enters the realm of industrialized countries, its currency will experience exponential growth in turnover. Forward contracts show traders are betting on an 8. This is certainly good news for deficit hawks and Dollar bulls. We can, however, attempt to analyze the economic sense of it. US Politicians have taken note, and are now renewing their efforts to persuade China to allow its currency to rise further.

EUR to CNY currency converter. Get live exchange rates for Euro Member Countries to China Yuan Renminbi. Use XE's free calculator to convert foreign currencies and precious metals.

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Company Database Sales and employment figures at a glance. Publication Finder Find studies from all around the internet. This statistic displays the annual exchange rate average or standardized measure of the euro to the Chinese Yuan Renminbi EUR CNY , according to data from the European Central Bank, from the early days of the euro in up until The average, or standardized, measure shows the calculation based on observations throughout the period in question, which is different than an annual measure at point in time: Between the years of and , the average annual exchange rate of the euro to the Chinese Yuan Renminbi noted an overall increase.

In , the euro to Chinese Yuan Renminbi annual average exchange rate was equal to By this value had decreased overall, to a value of 7. As a result of this more recent decrease in average annual euro to Chinese Yuan Renminbi exchange rate, the average rate is now close to the figures. Exchange rate 7. Datalabels Default All None Custom. Share on Social Media. Download started Please be patient - this may take a moment. Description Source More information.

Show sources information Show publisher information Release date Region Europe Survey time period to More information Region Europe Survey time period to Euro to British pound sterling average annual exchange rate Euro to Indian rupee average annual exchange rate Euro to Canadian dollar average annual exchange rate Euro to Russian ruble average annual exchange rate Euro to Swiss franc average annual exchange rate Basic Account Get to know the platform.

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EUR - Euro. Our currency rankings show that the most popular Euro exchange rate is the USD to EUR rate. The currency code for Euros is EUR, and the currency symbol is €. View the monthly rate average for Chinese Yuan Renminbi to Euro. Last month CNY:EUR rate was on € EUR higher. Price for 1 Yuan was Euro, so 1 Chinese Yuan was worth in EU Euro. On this graph you can see trend of change .