Historic Chinese Yuan Renminbi Egyptian Pound

Chinese Yuan Renminbi egyptian pound history for October 2023. The highest quote for this month is 4.2974 (04/10/2023) and the lowest 4.3106 (10/10/2023). The difference between high and low is -0.31.

CNY EGP average rate for October 2023 is 4.24054, the change between 01/10/2023 and 31/10/2023 is +0.09 %.

01 October 20231 CNY = 4.226 EGP
02 October 20231 CNY = 4.328 EGP
03 October 20231 CNY = 4.304 EGP
04 October 20231 CNY = 4.294 EGP
05 October 20231 CNY = 4.274 EGP
06 October 20231 CNY = 4.275 EGP
07 October 20231 CNY = 4.212 EGP
09 October 20231 CNY = 4.210 EGP
10 October 20231 CNY = 4.234 EGP
11 October 20231 CNY = 4.233 EGP
12 October 20231 CNY = 4.233 EGP
13 October 20231 CNY = 4.228 EGP
16 October 20231 CNY = 4.302 EGP
17 October 20231 CNY = 4.227 EGP
18 October 20231 CNY = 4.222 EGP
19 October 20231 CNY = 4.224 EGP
20 October 20231 CNY = 4.222 EGP
21 October 20231 CNY = 4.217 EGP
22 October 20231 CNY = 4.217 EGP
23 October 20231 CNY = 4.220 EGP
24 October 20231 CNY = 4.220 EGP
25 October 20231 CNY = 4.227 EGP
26 October 20231 CNY = 4.219 EGP
27 October 20231 CNY = 4.220 EGP
28 October 20231 CNY = 4.217 EGP
29 October 20231 CNY = 4.217 EGP
30 October 20231 CNY = 4.294 EGP
31 October 20231 CNY = 4.222 EGP

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

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.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.