Chinese Yuan Renminbi somali shilling exchange rate history (CNY SOS) February 2024

Chinese Yuan Renminbi somali shilling history for February 2024. The highest quote for this month is 79.898 (07/02/2024) and the lowest 80.321 (01/02/2024). The difference between high and low is -0.53.

CNY SOS average rate for February 2024 is 79.39629, the change between 01/02/2024 and 29/02/2024 is +1.32 %.

01 February 2024	1 CNY = 79.99 SOS
02 February 2024	1 CNY = 80.13 SOS
05 February 2024	1 CNY = 79.72 SOS
06 February 2024	1 CNY = 79.76 SOS
07 February 2024	1 CNY = 80.00 SOS
08 February 2024	1 CNY = 79.99 SOS
09 February 2024	1 CNY = 79.92 SOS
12 February 2024	1 CNY = 79.12 SOS
13 February 2024	1 CNY = 78.97 SOS
14 February 2024	1 CNY = 79.01 SOS
15 February 2024	1 CNY = 79.15 SOS
16 February 2024	1 CNY = 79.71 SOS
19 February 2024	1 CNY = 80.21 SOS
20 February 2024	1 CNY = 78.92 SOS
21 February 2024	1 CNY = 79.00 SOS
22 February 2024	1 CNY = 79.02 SOS
23 February 2024	1 CNY = 78.96 SOS
26 February 2024	1 CNY = 78.95 SOS
27 February 2024	1 CNY = 78.93 SOS
28 February 2024	1 CNY = 78.92 SOS
29 February 2024	1 CNY = 78.93 SOS

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.