Conversion between US Dollar, Japanese Yen, Euro and Chinese Yuan

Industrial and Commercial Bank of China RMB spot foreign exchange rate.

Date: January 14, 2007 Sunday Unit: RMB 100 foreign currency.

Currency: Buying, selling.

Intermediate price, spot exchange rate, cash price, selling price, benchmark price.

US Dollar (USD).

Hong Kong Dollar (HKD).

Japanese Yen (JPY).

Euro (EUR).

British Pound (GBP) -

Swiss Franc (CHF) -

Canadian Dollar (CAD) -

Australian Dollar (AUD) -

Singapore Dollar (SGD) -

Danish Krone (DKK) -

Norwegian Krone (NOK) -

Swedish Krona (SEK) -

Pataca (MOP) -

New Zealand Dollar (NZD) -

South Korean Won (KRW) -

Note: This exchange rate is the initial amount of our bank**, and the transaction price is subject to the actual transaction exchange rate of the local branches.

Unit: RMB 100 foreign currency.

Species Median Price Spot Price Cash Price ** Price Selling Price Benchmark Price US Dollar.

1 USD = RMB.

1 yuan Japanese yen.

1 RMB in Euros.

1 USD = RMB.

1 yuan Japanese yen.

1 RMB in Euros.

The conversion of European Dollar and RMB is 1 Euro (EUR) = Chinese Yuan (CNY), the data is for reference only, the exchange rate is different every day, the transaction price is subject to the bank counter transaction price, and the debate is updated on March 31, 2021.

1. Introduction to the euro.

The euro is the currency of 19 countries in the European Union. The 19 member states of the euro are Germany, France, Italy, the Netherlands, Belgium, Luxembourg, Ireland, Spain, Portugal, Austria, Finland, Lithuania, Latvia, Estonia, Slovakia, Slovenia, Greece, Malta, Cyprus. On January 1, 1999, a unified monetary policy was introduced among the EU countries that implemented the euro, and in July 2002 the euro became legal tender in the eurozone, and the euro is managed by the European ** banking system, which is composed of the ** banks of the European ** bank and the ** banks of the euro area countries.

2. Exchange between the euro and the renminbi.

As of March 31, 2021, 1 euro is convertible to Chinese yuan. According to industry insiders, due to the euro area chaos affected by the European debt problem, has been up and down, but the business climate index of many countries is better than expected, pushing up the euro for a time, and the euro out of the first channel since May 2008, and the decision of the European Central Bank is undoubtedly the biggest focus of the market, and the results did not disappoint the market.

1 USD = EUR, 1 EUR = US Dollar, 1 US Dollar = British Pound, 1 British Pound = US Dollar, the exchange value is different at different times.

The euro is the currency of 19 countries in the European Union.

The 19 member states of the euro are Ireland, Austria, Belgium, Germany, France, Finland, Netherlands, Luxembourg, Portugal, Spain, Greece, Italy, Slovenia, Cyprus, Malta, Slovakia, Estonia, Lithuania and Latvia.

Introduction to exchange rates. An exchange rate is the ratio or value of one country's currency to another's currency, or the currency of another country, expressed in one country's currency. An exchange rate is the rate at which two currencies are exchanged, and can also be considered as the value of one country's currency against another.

The meaning of the RMB exchange rate.

The RMB exchange rate generally refers to the exchange rate of RMB to US dollars**, that is, how much RMB or 100 RMB is converted into US dollars.

The current RMB exchange rate formation mechanism has been formed since July 21, 2005, based on a series of regulations issued by the People's Bank of China (PBOC), and implements a managed floating exchange rate system based on market supply and demand, adjusted with reference to a basket of currencies.

The exchange rate of RMB to foreign currencies is on behalf of the external value of RMB, which is formulated and adjusted by the State Administration of Foreign Exchange on the basis of the principle of independence and unity, with reference to the level of domestic and foreign price comparison and the fluctuation of the exchange rate in the international financial market, and is announced to the domestic and foreign countries day by day. It is used to express the exchange rate of RMB against foreign currencies.

The number of fixed units of foreign currency shall be determined by the value of each foreign currency, except for the exchange rate of ten thousand (10,000) units against the Belgian franc and the Italian lira, and one hundred thousand (100,000) units against the Japanese yen.

Foreign exchange rate notation.

Most countries are likely to use the direct pricing method. Under the direct pricing method, the rise and fall of the foreign exchange rate is inversely proportional to the change in the value of the national currency: the local currency appreciates and the exchange rate falls; The local currency depreciates and the exchange rate rises.

Most of the exchange rates in the market are also directly quoted. Such as: US dollar against Japanese yen, US dollar against Hong Kong dollar, US dollar against RMB, etc.

1 euro = RMB, 1 person will never accept Liang RMB = EUR.

When the euro was first introduced, it was significantly stronger against all currencies. When the euro was introduced in 1999, every euro was against the US dollar; On 26 October 2000, the euro fell to an all-time low against the US dollar. But then the euro began to go through a period of recovery.

At the beginning of 2001, the euro rose to near the dollar. However, it then entered the ** period, although the decline this time was smaller, and the lowest fell to the US dollar on July 6, 2001.

Under the floating exchange rate system, countries no longer stipulate the range of fluctuations in the exchange rate, and the bank no longer bears the obligation to maintain the upper and lower limits of fluctuations, and the exchange rate is the result of its own floating and adjustment according to the supply and demand of foreign exchange in the foreign exchange market. At the same time, the change in foreign exchange supply and demand caused by a country's balance of payments is the main factor affecting the change of exchange rate - countries with a surplus in the balance of payments, the supply of foreign exchange increases, and the foreign currency and exchange rate fall; Countries with a deficit in the balance of payments and a wide margin of payment have an increase in demand for foreign exchange, and foreign currencies and exchange rates have risen.

The RMB exchange rate represents the external value of the RMB, which is formulated and adjusted by the State Administration of Foreign Exchange on the basis of the principle of independence and unity, with reference to the level of domestic and foreign commodity prices and the fluctuation of the exchange rate in the international financial market, and is announced to the domestic and foreign countries on a daily basis. It is used to express the exchange rate of RMB against foreign currencies.