The exchange rate of euro against RMB is 1: 7.606 1.

The exchange rate of RMB against foreign currency represents the external value of RMB. According to the principle of independence and unification, the State Administration of Foreign Exchange formulates and adjusts the exchange rate in a unified way with reference to the price comparison level at home and abroad and the exchange rate fluctuation in the international financial market, and announces it to the domestic and foreign markets day by day. As the exchange rate of all foreign exchange receipts and payments, it is the official exchange rate and there is no market exchange rate.

The pricing method adopts international direct quotation, that is, the amount of foreign currency in a fixed unit (such as 100, 10000, 100000, etc.). ) converted into thousands of RMB to express the exchange rate of RMB against foreign currency. The amount of foreign currency in a fixed unit depends on the value of each foreign currency. Except that the exchange rate of RMB against Belgian franc and Italian lira is ten thousand (10000) units and against Japanese yen is one hundred thousand (100000) units, the exchange rates of other foreign currencies are all one hundred (10000) units.