Historic Barbadian dollar Chinese Yuan Renminbi

Barbadian dollar chinese yuan renminbi history for December 2023. The highest quote for this month is 3.6409 (13/12/2023) and the lowest 3.6198 (06/12/2023). The difference between high and low is 0.58.

BBD CNY average rate for December 2023 is 3.59297, the change between 01/12/2023 and 31/12/2023 is +1.02 %.

01 December 20231 BBD = 3.585 CNY
02 December 20231 BBD = 3.569 CNY
03 December 20231 BBD = 3.569 CNY
04 December 20231 BBD = 3.576 CNY
05 December 20231 BBD = 3.614 CNY
06 December 20231 BBD = 3.622 CNY
07 December 20231 BBD = 3.617 CNY
08 December 20231 BBD = 3.621 CNY
09 December 20231 BBD = 3.582 CNY
10 December 20231 BBD = 3.582 CNY
11 December 20231 BBD = 3.607 CNY
12 December 20231 BBD = 3.634 CNY
13 December 20231 BBD = 3.637 CNY
14 December 20231 BBD = 3.635 CNY
15 December 20231 BBD = 3.582 CNY
16 December 20231 BBD = 3.559 CNY
17 December 20231 BBD = 3.559 CNY
18 December 20231 BBD = 3.564 CNY
19 December 20231 BBD = 3.615 CNY
20 December 20231 BBD = 3.585 CNY
21 December 20231 BBD = 3.615 CNY
22 December 20231 BBD = 3.618 CNY
23 December 20231 BBD = 3.566 CNY
24 December 20231 BBD = 3.566 CNY
25 December 20231 BBD = 3.585 CNY
26 December 20231 BBD = 3.611 CNY
27 December 20231 BBD = 3.612 CNY
28 December 20231 BBD = 3.618 CNY
29 December 20231 BBD = 3.582 CNY
30 December 20231 BBD = 3.549 CNY
31 December 20231 BBD = 3.549 CNY

26/06/2020: Currency peg under review

Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.

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.

05/08/2013: Devaluation of currency

Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.

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.

24/07/1995: New currency design

Barbados introduced a new design for its currency, featuring national symbols and landmarks.

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.

05/05/1975: Introduction of decimalization

Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.

01/01/1973: Fixed exchange rate

Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.

03/07/1972: Barbados gains independence

Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.

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.

01/10/1935: Introduction of Barbadian Dollar

The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.