Historic Chinese Yuan Renminbi Singapore dollar

Chinese Yuan Renminbi singapore dollar history for March 2023. The highest quote for this month is 0.19593 (14/03/2023) and the lowest 0.19641 (13/03/2023). The difference between high and low is -0.24.

CNY SGD average rate for March 2023 is 0.1945, the change between 01/03/2023 and 31/03/2023 is +0.63 %.

01 March 20231 CNY = 0.1945 SGD
02 March 20231 CNY = 0.1954 SGD
03 March 20231 CNY = 0.1949 SGD
06 March 20231 CNY = 0.1948 SGD
07 March 20231 CNY = 0.1941 SGD
08 March 20231 CNY = 0.1946 SGD
09 March 20231 CNY = 0.1947 SGD
10 March 20231 CNY = 0.1943 SGD
13 March 20231 CNY = 0.1951 SGD
14 March 20231 CNY = 0.1968 SGD
15 March 20231 CNY = 0.1958 SGD
16 March 20231 CNY = 0.1956 SGD
17 March 20231 CNY = 0.1951 SGD
20 March 20231 CNY = 0.1947 SGD
21 March 20231 CNY = 0.1944 SGD
22 March 20231 CNY = 0.1942 SGD
23 March 20231 CNY = 0.1933 SGD
24 March 20231 CNY = 0.1947 SGD
27 March 20231 CNY = 0.1939 SGD
28 March 20231 CNY = 0.1933 SGD
29 March 20231 CNY = 0.1931 SGD
30 March 20231 CNY = 0.1930 SGD
31 March 20231 CNY = 0.1933 SGD

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

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.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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.