Chinese Yuan Renminbi samoan tala exchange rate history (CNY WST) January 2024

Chinese Yuan Renminbi samoan tala history for January 2024. The highest quote for this month is 0.38657 (24/01/2024) and the lowest 0.38835 (24/01/2024). The difference between high and low is -0.46.

CNY WST average rate for January 2024 is 0.37953, the change between 01/01/2024 and 31/01/2024 is +0.39 %.

01 January 2024	1 CNY = 0.3792 WST
02 January 2024	1 CNY = 0.3804 WST
03 January 2024	1 CNY = 0.3813 WST
04 January 2024	1 CNY = 0.3775 WST
05 January 2024	1 CNY = 0.3769 WST
06 January 2024	1 CNY = 0.3754 WST
07 January 2024	1 CNY = 0.3754 WST
08 January 2024	1 CNY = 0.3779 WST
09 January 2024	1 CNY = 0.3780 WST
10 January 2024	1 CNY = 0.3774 WST
11 January 2024	1 CNY = 0.3737 WST
12 January 2024	1 CNY = 0.3773 WST
14 January 2024	1 CNY = 0.3740 WST
15 January 2024	1 CNY = 0.3774 WST
16 January 2024	1 CNY = 0.3776 WST
17 January 2024	1 CNY = 0.3842 WST
18 January 2024	1 CNY = 0.3852 WST
19 January 2024	1 CNY = 0.3767 WST
22 January 2024	1 CNY = 0.3848 WST
23 January 2024	1 CNY = 0.3811 WST
24 January 2024	1 CNY = 0.3874 WST
25 January 2024	1 CNY = 0.3864 WST
26 January 2024	1 CNY = 0.3785 WST
28 January 2024	1 CNY = 0.3735 WST
29 January 2024	1 CNY = 0.3865 WST
30 January 2024	1 CNY = 0.3861 WST
31 January 2024	1 CNY = 0.3778 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.