Convert EUR to CNY - Euro to Chinese renminbi yuan Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/CNY EXCHANGE RATE
In the forex market, the EUR/CNY symbol represents the currency pair which trades the Euro against the Chinese yuan - a pair that offers ample trading volume and volatility to generate profits when traded with care. The Euro is the second most popularly traded currency globally and enjoys the status of being a reserve currency, next only to the US dollar. Meanwhile, the Chinese yuan is working its way towards becoming a reserve currency, owing to China's leading position in international trade, which has attracted significant foreign investment into its markets.According to analysts at Morgan Stanley, the CNY accounts for around 2% of forex reserve assets globally currently. However, the Chinese government has been rallying to increase its currency's acceptance internationally, and its efforts could very well propel the yuan's share in foreign exchange reserves to anywhere between 5% and 10% by 2030, overtaking two of the other majors in the forex market - the GBP and the JPY.The EUR/CNY currency pair enjoys ample volatility when markets trade with a risk-on sentiment, as it increases the risk appetite of investors and drives them towards both these currencies and away from safer currencies like the Japanese yen and Swiss franc.
EUR to CNY CONVERSION RATES
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EUR to CNY CHARTS
EUR/CNY Live Chart
EUR/CNY Historical Chart
EUR to CNY EXCHANGE RATE - FAQ
How do economic events impact the exchange rate of EUR/CNY?

The EUR/CNY currency pair experiences price action on the release of important economic data from the Eurozone as well as from China, including GDP, inflation, retail sales, consumer confidence, business sentiment, trade balance and PPI.

What is a good time to trade EUR/CNY?

The EUR/CNY forex pair sees maximum volatility during the Asian and European sessions, giving traders a wide window during the day when the most relevant market moving events can affect the pair release. Forex traders can consider placing their trades in this pair between 11:00 PM and 04:00 PM GMT.

What was the lowest value of EUR/CNY in 2020?

EUR/CNY touched a low of 7.5430 on 19 February 2020. This was the weakest value the currency pair traded at during 2020.