Chinese Yuan Renminbi samoan tala exchange rate history (CNY WST) December 2023

Chinese Yuan Renminbi samoan tala history for December 2023. The highest quote for this month is 0.38294 (06/12/2023) and the lowest 0.38629 (01/12/2023). The difference between high and low is -0.87.

CNY WST average rate for December 2023 is 0.37701, the change between 01/12/2023 and 31/12/2023 is +2.05 %.

01 December 2023	1 CNY = 0.3856 WST
02 December 2023	1 CNY = 0.3755 WST
03 December 2023	1 CNY = 0.3755 WST
04 December 2023	1 CNY = 0.3796 WST
05 December 2023	1 CNY = 0.3757 WST
06 December 2023	1 CNY = 0.3818 WST
07 December 2023	1 CNY = 0.3752 WST
08 December 2023	1 CNY = 0.3750 WST
10 December 2023	1 CNY = 0.3742 WST
11 December 2023	1 CNY = 0.3761 WST
12 December 2023	1 CNY = 0.3813 WST
13 December 2023	1 CNY = 0.3736 WST
14 December 2023	1 CNY = 0.3738 WST
15 December 2023	1 CNY = 0.3793 WST
16 December 2023	1 CNY = 0.3766 WST
17 December 2023	1 CNY = 0.3766 WST
18 December 2023	1 CNY = 0.3791 WST
19 December 2023	1 CNY = 0.3759 WST
20 December 2023	1 CNY = 0.3793 WST
21 December 2023	1 CNY = 0.3757 WST
22 December 2023	1 CNY = 0.3755 WST
23 December 2023	1 CNY = 0.3759 WST
24 December 2023	1 CNY = 0.3759 WST
26 December 2023	1 CNY = 0.3780 WST
27 December 2023	1 CNY = 0.3753 WST
28 December 2023	1 CNY = 0.3754 WST
29 December 2023	1 CNY = 0.3772 WST
30 December 2023	1 CNY = 0.3777 WST

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.