Historic Chinese Yuan Renminbi Taiwan dollar

Chinese Yuan Renminbi taiwan dollar history for January 2024. The highest quote for this month is 4.433 (19/01/2024) and the lowest 4.4409 (18/01/2024). The difference between high and low is -0.18.

CNY TWD average rate for January 2024 is 4.3787, the change between 01/01/2024 and 31/01/2024 is -1.19 %.

01 January 20241 CNY = 4.341 TWD
02 January 20241 CNY = 4.339 TWD
03 January 20241 CNY = 4.356 TWD
04 January 20241 CNY = 4.373 TWD
05 January 20241 CNY = 4.368 TWD
06 January 20241 CNY = 4.335 TWD
07 January 20241 CNY = 4.335 TWD
08 January 20241 CNY = 4.364 TWD
09 January 20241 CNY = 4.333 TWD
10 January 20241 CNY = 4.374 TWD
11 January 20241 CNY = 4.340 TWD
12 January 20241 CNY = 4.349 TWD
14 January 20241 CNY = 4.336 TWD
15 January 20241 CNY = 4.377 TWD
16 January 20241 CNY = 4.396 TWD
17 January 20241 CNY = 4.420 TWD
18 January 20241 CNY = 4.434 TWD
19 January 20241 CNY = 4.439 TWD
22 January 20241 CNY = 4.416 TWD
23 January 20241 CNY = 4.361 TWD
24 January 20241 CNY = 4.436 TWD
25 January 20241 CNY = 4.419 TWD
26 January 20241 CNY = 4.422 TWD
28 January 20241 CNY = 4.358 TWD
29 January 20241 CNY = 4.413 TWD
30 January 20241 CNY = 4.402 TWD
31 January 20241 CNY = 4.392 TWD

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.

01/01/2005: New Taiwan dollar banknotes issued

New designs for Taiwan dollar banknotes are issued, featuring innovative security features and updated aesthetics to combat counterfeiting and improve the currency's image.

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.

30/04/1991: Foreign Exchange Control Act revised

Taiwan relaxes its foreign exchange controls, allowing more flexibility in the trading of the Taiwan dollar and promoting financial globalization.

15/07/1987: Lifting of martial law

The martial law, which had been in place in Taiwan since 1949, is lifted, marking a significant milestone towards the democratization and liberalization of the country.

16/12/1971: Taiwan's expulsion from the UN

The United Nations General Assembly recognizes the People's Republic of China as the legitimate representative of China, leading to Taiwan's expulsion from the UN and international isolation.

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.

03/03/1952: TWD pegged to the US Dollar

The Taiwan dollar is pegged to the US Dollar at a fixed exchange rate of 32 TWD to 1 USD, stabilizing its value and promoting economic growth.

10/12/1949: Chinese Civil War ends

The Chinese Communist Party establishes the People's Republic of China on the mainland, leading to the Nationalist government's retreat to Taiwan, taking the Taiwan dollar with them.

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.

25/10/1945: Taiwan is restored to the Republic of China

After the end of World War II, Taiwan is returned to the Republic of China from Japan, and the Taiwan dollar becomes the official currency.