Historic Chinese Yuan Renminbi Bermudian dollar

Chinese Yuan Renminbi bermudian dollar history for December 2023. The highest quote for this month is 0.1409 (30/12/2023) and the lowest 0.1423 (15/12/2023). The difference between high and low is -0.99.

CNY BMD average rate for December 2023 is 0.14035, the change between 01/12/2023 and 31/12/2023 is +0.3 %.

01 December 20231 CNY = 0.1413 BMD
02 December 20231 CNY = 0.1401 BMD
03 December 20231 CNY = 0.1401 BMD
04 December 20231 CNY = 0.1416 BMD
05 December 20231 CNY = 0.1402 BMD
06 December 20231 CNY = 0.1400 BMD
07 December 20231 CNY = 0.1400 BMD
08 December 20231 CNY = 0.1399 BMD
09 December 20231 CNY = 0.1396 BMD
10 December 20231 CNY = 0.1396 BMD
11 December 20231 CNY = 0.1403 BMD
12 December 20231 CNY = 0.1394 BMD
13 December 20231 CNY = 0.1394 BMD
14 December 20231 CNY = 0.1394 BMD
15 December 20231 CNY = 0.1415 BMD
16 December 20231 CNY = 0.1405 BMD
17 December 20231 CNY = 0.1405 BMD
18 December 20231 CNY = 0.1414 BMD
19 December 20231 CNY = 0.1402 BMD
20 December 20231 CNY = 0.1415 BMD
21 December 20231 CNY = 0.1402 BMD
22 December 20231 CNY = 0.1401 BMD
23 December 20231 CNY = 0.1402 BMD
24 December 20231 CNY = 0.1402 BMD
25 December 20231 CNY = 0.1412 BMD
26 December 20231 CNY = 0.1401 BMD
27 December 20231 CNY = 0.1400 BMD
28 December 20231 CNY = 0.1401 BMD
29 December 20231 CNY = 0.1407 BMD
30 December 20231 CNY = 0.1409 BMD
31 December 20231 CNY = 0.1409 BMD

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

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.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

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.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

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.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

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.
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