Historic Chinese Yuan Renminbi Indian Rupee

Chinese Yuan Renminbi indian rupee history for December 2023. The highest quote for this month is 11.706 (29/12/2023) and the lowest 11.809 (14/12/2023). The difference between high and low is -0.88.

CNY INR average rate for December 2023 is 11.67462, the change between 01/12/2023 and 31/12/2023 is +1.71 %.

01 December 20231 CNY = 11.78 INR
02 December 20231 CNY = 11.66 INR
03 December 20231 CNY = 11.66 INR
04 December 20231 CNY = 11.78 INR
05 December 20231 CNY = 11.69 INR
06 December 20231 CNY = 11.66 INR
07 December 20231 CNY = 11.66 INR
08 December 20231 CNY = 11.66 INR
09 December 20231 CNY = 11.64 INR
10 December 20231 CNY = 11.64 INR
11 December 20231 CNY = 11.71 INR
12 December 20231 CNY = 11.62 INR
13 December 20231 CNY = 11.62 INR
14 December 20231 CNY = 11.61 INR
15 December 20231 CNY = 11.79 INR
16 December 20231 CNY = 11.66 INR
17 December 20231 CNY = 11.66 INR
18 December 20231 CNY = 11.75 INR
19 December 20231 CNY = 11.65 INR
20 December 20231 CNY = 11.76 INR
21 December 20231 CNY = 11.67 INR
22 December 20231 CNY = 11.65 INR
23 December 20231 CNY = 11.65 INR
24 December 20231 CNY = 11.65 INR
25 December 20231 CNY = 11.74 INR
26 December 20231 CNY = 11.66 INR
27 December 20231 CNY = 11.65 INR
28 December 20231 CNY = 11.66 INR
29 December 20231 CNY = 11.58 INR

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

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.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

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.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.