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Cny AppreciationEssay Preview: Cny AppreciationReport this essayWhat happens if the Chinese money (CNY) appreciates against the Euro?Assignment 1a) From Figure 1 and 2 we can see that the CNY has appreciated against the Euro. From Figure 1 we see that in January 2006 the cost of 1CNY was about 9.5Euros and in May of 2008.