Chinese Yuan Renminbi singapore dollar exchange rate history (CNY SGD) December 2023

Chinese Yuan Renminbi singapore dollar history for December 2023. The highest quote for this month is 0.18801 (07/12/2023) and the lowest 0.18934 (13/12/2023). The difference between high and low is -0.71.

CNY SGD average rate for December 2023 is 0.18687, the change between 01/12/2023 and 31/12/2023 is +1.64 %.

01 December 2023	1 CNY = 0.1890 SGD
02 December 2023	1 CNY = 0.1868 SGD
03 December 2023	1 CNY = 0.1868 SGD
04 December 2023	1 CNY = 0.1887 SGD
05 December 2023	1 CNY = 0.1875 SGD
06 December 2023	1 CNY = 0.1876 SGD
07 December 2023	1 CNY = 0.1878 SGD
08 December 2023	1 CNY = 0.1874 SGD
09 December 2023	1 CNY = 0.1873 SGD
10 December 2023	1 CNY = 0.1871 SGD
11 December 2023	1 CNY = 0.1882 SGD
12 December 2023	1 CNY = 0.1873 SGD
13 December 2023	1 CNY = 0.1869 SGD
14 December 2023	1 CNY = 0.1858 SGD
15 December 2023	1 CNY = 0.1880 SGD
16 December 2023	1 CNY = 0.1871 SGD
17 December 2023	1 CNY = 0.1871 SGD
18 December 2023	1 CNY = 0.1886 SGD
19 December 2023	1 CNY = 0.1868 SGD
20 December 2023	1 CNY = 0.1879 SGD
21 December 2023	1 CNY = 0.1867 SGD
22 December 2023	1 CNY = 0.1858 SGD
23 December 2023	1 CNY = 0.1856 SGD
24 December 2023	1 CNY = 0.1856 SGD
25 December 2023	1 CNY = 0.1866 SGD
26 December 2023	1 CNY = 0.1856 SGD
27 December 2023	1 CNY = 0.1852 SGD
28 December 2023	1 CNY = 0.1848 SGD
29 December 2023	1 CNY = 0.1857 SGD
30 December 2023	1 CNY = 0.1859 SGD
31 December 2023	1 CNY = 0.1859 SGD

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float 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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

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.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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.

Historic Chinese Yuan Renminbi Singapore dollar