Historic Chinese Yuan Renminbi Saudi riyal

Chinese Yuan Renminbi saudi riyal history for November 2023. The highest quote for this month is 0.52945 (29/11/2023) and the lowest 0.53151 (29/11/2023). The difference between high and low is -0.39.

CNY SAR average rate for November 2023 is 0.51968, the change between 01/11/2023 and 30/11/2023 is -3.35 %.

01 November 20231 CNY = 0.5121 SAR
02 November 20231 CNY = 0.5121 SAR
03 November 20231 CNY = 0.5123 SAR
06 November 20231 CNY = 0.5135 SAR
07 November 20231 CNY = 0.5154 SAR
08 November 20231 CNY = 0.5147 SAR
09 November 20231 CNY = 0.5147 SAR
10 November 20231 CNY = 0.5145 SAR
12 November 20231 CNY = 0.5143 SAR
13 November 20231 CNY = 0.5222 SAR
14 November 20231 CNY = 0.5139 SAR
15 November 20231 CNY = 0.5166 SAR
16 November 20231 CNY = 0.5170 SAR
17 November 20231 CNY = 0.5173 SAR
18 November 20231 CNY = 0.5198 SAR
19 November 20231 CNY = 0.5198 SAR
20 November 20231 CNY = 0.5197 SAR
21 November 20231 CNY = 0.5226 SAR
22 November 20231 CNY = 0.5286 SAR
23 November 20231 CNY = 0.5236 SAR
24 November 20231 CNY = 0.5287 SAR
26 November 20231 CNY = 0.5244 SAR
27 November 20231 CNY = 0.5289 SAR
28 November 20231 CNY = 0.5254 SAR
29 November 20231 CNY = 0.5303 SAR
30 November 20231 CNY = 0.5293 SAR

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

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.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.