Russian ruble chinese yuan renminbi exchange rate history (RUB CNY) August 2023

Russian ruble chinese yuan renminbi history for August 2023. The highest quote for this month is 0.077854 (01/08/2023) and the lowest 0.078603 (18/08/2023). The difference between high and low is -0.96.

RUB CNY average rate for August 2023 is 0.07578, the change between 01/08/2023 and 31/08/2023 is +2.31 %.

01 August 2023	1 RUB = 0.0775 CNY
02 August 2023	1 RUB = 0.0777 CNY
03 August 2023	1 RUB = 0.0765 CNY
04 August 2023	1 RUB = 0.0754 CNY
05 August 2023	1 RUB = 0.0751 CNY
07 August 2023	1 RUB = 0.0744 CNY
08 August 2023	1 RUB = 0.0751 CNY
09 August 2023	1 RUB = 0.0743 CNY
10 August 2023	1 RUB = 0.0744 CNY
11 August 2023	1 RUB = 0.0744 CNY
12 August 2023	1 RUB = 0.0734 CNY
14 August 2023	1 RUB = 0.0720 CNY
15 August 2023	1 RUB = 0.0748 CNY
16 August 2023	1 RUB = 0.0740 CNY
17 August 2023	1 RUB = 0.0772 CNY
18 August 2023	1 RUB = 0.0771 CNY
20 August 2023	1 RUB = 0.0783 CNY
21 August 2023	1 RUB = 0.0765 CNY
22 August 2023	1 RUB = 0.0770 CNY
23 August 2023	1 RUB = 0.0772 CNY
24 August 2023	1 RUB = 0.0755 CNY
25 August 2023	1 RUB = 0.0770 CNY
28 August 2023	1 RUB = 0.0764 CNY
29 August 2023	1 RUB = 0.0772 CNY
30 August 2023	1 RUB = 0.0763 CNY
31 August 2023	1 RUB = 0.0757 CNY

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.