Historic Chinese Yuan Renminbi Ugandan Shilling

Chinese Yuan Renminbi ugandan shilling history for February 2024. The highest quote for this month is 543.29 (27/02/2024) and the lowest 543.4 (26/02/2024). The difference between high and low is -0.02.

CNY UGX average rate for February 2024 is 534.93259, the change between 01/02/2024 and 29/02/2024 is -1.9 %.

01 February 20241 CNY = 530.5 UGX
02 February 20241 CNY = 532.8 UGX
03 February 20241 CNY = 530.2 UGX
04 February 20241 CNY = 529.1 UGX
05 February 20241 CNY = 535.8 UGX
06 February 20241 CNY = 532.6 UGX
07 February 20241 CNY = 533.0 UGX
08 February 20241 CNY = 532.7 UGX
09 February 20241 CNY = 534.3 UGX
12 February 20241 CNY = 531.0 UGX
13 February 20241 CNY = 530.9 UGX
14 February 20241 CNY = 531.9 UGX
15 February 20241 CNY = 533.5 UGX
16 February 20241 CNY = 534.1 UGX
17 February 20241 CNY = 537.4 UGX
18 February 20241 CNY = 537.4 UGX
19 February 20241 CNY = 538.3 UGX
20 February 20241 CNY = 532.9 UGX
21 February 20241 CNY = 534.3 UGX
22 February 20241 CNY = 535.8 UGX
23 February 20241 CNY = 535.5 UGX
24 February 20241 CNY = 537.2 UGX
25 February 20241 CNY = 537.2 UGX
26 February 20241 CNY = 540.7 UGX
27 February 20241 CNY = 543.2 UGX
28 February 20241 CNY = 540.4 UGX
29 February 20241 CNY = 540.6 UGX

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

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.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

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.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

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.