Chinese Yuan Renminbi russian ruble exchange rate history (CNY RUB) July 2023

Chinese Yuan Renminbi russian ruble history for July 2023. The highest quote for this month is 13.034 (06/07/2023) and the lowest 12.868 (31/07/2023). The difference between high and low is 1.27.

CNY RUB average rate for July 2023 is 12.58524, the change between 01/07/2023 and 31/07/2023 is -6.73 %.

03 July 2023	1 CNY = 12.14 RUB
04 July 2023	1 CNY = 12.36 RUB
05 July 2023	1 CNY = 12.47 RUB
06 July 2023	1 CNY = 12.59 RUB
07 July 2023	1 CNY = 12.58 RUB
10 July 2023	1 CNY = 12.65 RUB
11 July 2023	1 CNY = 12.52 RUB
12 July 2023	1 CNY = 12.55 RUB
13 July 2023	1 CNY = 12.63 RUB
14 July 2023	1 CNY = 12.60 RUB
17 July 2023	1 CNY = 12.64 RUB
18 July 2023	1 CNY = 12.63 RUB
19 July 2023	1 CNY = 12.67 RUB
20 July 2023	1 CNY = 12.72 RUB
21 July 2023	1 CNY = 12.55 RUB
24 July 2023	1 CNY = 12.60 RUB
25 July 2023	1 CNY = 12.58 RUB
26 July 2023	1 CNY = 12.64 RUB
27 July 2023	1 CNY = 12.58 RUB
28 July 2023	1 CNY = 12.64 RUB
31 July 2023	1 CNY = 12.96 RUB

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.

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.

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.

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.