1 euro =7.6747 RMB, 1 RMB = 0.1euro 303. 1 USD =6.8955 RMB, 1 RMB = 0.1USD 45.

The euro is the most significant achievement of European monetary reform since the Roman Empire. The euro not only makes the European single market more perfect, but also facilitates the free trade among the countries in the euro zone, which is an important part of the EU integration process. The euro is managed by european system of central banks, which is composed of the European Central Bank and the central banks of the euro zone countries. The European Central Bank, headquartered in Frankfurt, Germany, has the power to independently formulate monetary policy. The central banks of euro zone countries participate in the printing, casting and distribution of euro banknotes and coins, and are responsible for the operation of the euro zone payment system.

At the beginning of its introduction, the euro fell sharply against various currencies. 1999 When the euro was introduced, the value per euro was $65,438+0.18; On June 26th, 2000 10, the euro fell to an all-time low of $0.8228. But then the euro began to experience recovery. At the beginning of 200 1 year, the euro rose to nearly $0.96. But then it entered a period of decline, although this time the decline was small, with the lowest drop to 0.834 USD 200 1. The beginning of currency recovery counterbalanced the dollar. Due to the corporate scandal in the United States, these two currencies approached 1: 1 on July 5, 2002. By the end of 2002, the euro reached 1.04 USD, and then it continued to climb.

The exchange rate of RMB represents the external value of RMB. On the basis of independence and unification, the State Administration of Foreign Exchange makes unified formulation and adjustment 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 on a daily basis. As the exchange rate of all foreign exchange receipts and payments, it is the official exchange rate and there is no market exchange rate. Its pricing method adopts the internationally accepted direct quotation, that is, a fixed unit of foreign currency is converted into a certain amount of RMB to express the exchange rate of RMB against foreign currency.