Historic Chinese Yuan Renminbi Samoan Tala

Chinese Yuan Renminbi samoan tala history for February 2024. The highest quote for this month is 0.38711 (06/02/2024) and the lowest 0.3888 (06/02/2024). The difference between high and low is -0.44.

CNY WST average rate for February 2024 is 0.37985, the change between 01/02/2024 and 29/02/2024 is +0.92 %.

01 February 20241 CNY = 0.3851 WST
02 February 20241 CNY = 0.3856 WST
03 February 20241 CNY = 0.3809 WST
04 February 20241 CNY = 0.3801 WST
05 February 20241 CNY = 0.3862 WST
06 February 20241 CNY = 0.3871 WST
07 February 20241 CNY = 0.3775 WST
08 February 20241 CNY = 0.3774 WST
09 February 20241 CNY = 0.3864 WST
12 February 20241 CNY = 0.3812 WST
13 February 20241 CNY = 0.3807 WST
14 February 20241 CNY = 0.3728 WST
15 February 20241 CNY = 0.3735 WST
16 February 20241 CNY = 0.3741 WST
17 February 20241 CNY = 0.3726 WST
18 February 20241 CNY = 0.3726 WST
19 February 20241 CNY = 0.3847 WST
20 February 20241 CNY = 0.3801 WST
21 February 20241 CNY = 0.3799 WST
22 February 20241 CNY = 0.3800 WST
23 February 20241 CNY = 0.3793 WST
24 February 20241 CNY = 0.3792 WST
25 February 20241 CNY = 0.3792 WST
26 February 20241 CNY = 0.3791 WST
27 February 20241 CNY = 0.3797 WST
28 February 20241 CNY = 0.3796 WST
29 February 20241 CNY = 0.3815 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.
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