Historic Euro Chinese Yuan Renminbi

Euro chinese yuan renminbi history for March 2023. The highest quote for this month is 7.4779 (30/03/2023) and the lowest 7.5055 (30/03/2023). The difference between high and low is -0.37.

EUR CNY average rate for March 2023 is 7.38078, the change between 01/03/2023 and 31/03/2023 is -2.17 %.

01 March 20231 EUR = 7.33 CNY
02 March 20231 EUR = 7.33 CNY
03 March 20231 EUR = 7.33 CNY
06 March 20231 EUR = 7.34 CNY
07 March 20231 EUR = 7.41 CNY
08 March 20231 EUR = 7.34 CNY
09 March 20231 EUR = 7.33 CNY
10 March 20231 EUR = 7.37 CNY
13 March 20231 EUR = 7.38 CNY
14 March 20231 EUR = 7.34 CNY
15 March 20231 EUR = 7.37 CNY
16 March 20231 EUR = 7.31 CNY
17 March 20231 EUR = 7.32 CNY
20 March 20231 EUR = 7.35 CNY
21 March 20231 EUR = 7.37 CNY
22 March 20231 EUR = 7.42 CNY
23 March 20231 EUR = 7.48 CNY
24 March 20231 EUR = 7.39 CNY
27 March 20231 EUR = 7.40 CNY
28 March 20231 EUR = 7.44 CNY
29 March 20231 EUR = 7.45 CNY
30 March 20231 EUR = 7.47 CNY
31 March 20231 EUR = 7.49 CNY

29/11/2015: Inclusion of the Renminbi in IMF's SDR Basket

The International Monetary Fund (IMF) includes the Renminbi in its Special Drawing Rights (SDR) basket, recognizing its global importance as a reserve currency and boosting the international status of the Chinese Yuan Renminbi.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

18/06/2009: Resumption of Renminbi Appreciation

China allows the Renminbi to resume an appreciation trajectory against the US dollar after a period of stability, signaling a shift in the country's exchange rate policy.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

20/07/2005: Introduction of Managed Float

China adopts a managed floating exchange rate system, allowing the Renminbi to fluctuate within a narrow band against a basket of currencies, reducing its dependence on the US dollar.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial transactions.

31/12/1993: Renminbi Pegged to US Dollar

China pegs the value of the Renminbi to the US dollar, setting an exchange rate of 8.28 Yuan per dollar, which remains fixed for over a decade, impacting China's export competitiveness.

31/12/1992: Introduction of Dual Currency System

China introduces a dual currency system, with the offshore Renminbi (CNH) and the onshore Renminbi (CNY), aiming to facilitate foreign exchange flows and international trade.

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

14/08/1971: End of the Bretton Woods System

The United States suspends the convertibility of the US dollar to gold, leading to the collapse of the Bretton Woods System and a shift towards floating exchange rates, affecting the value of the Chinese Yuan Renminbi.

14/12/1948: Formation of the People's Bank of China

The People's Bank of China was established, marking the beginning of central banking in China and the introduction of the Chinese Yuan Renminbi as the official currency.