Chinese Yuan Renminbi united states dollar exchange rate history (CNY USD) February 2024

Chinese Yuan Renminbi united states dollar history for February 2024. The highest quote for this month is 0.14069 (06/02/2024) and the lowest 0.14141 (01/02/2024). The difference between high and low is -0.51.

CNY USD average rate for February 2024 is 0.13957, the change between 01/02/2024 and 29/02/2024 is +1.32 %.

01 February 2024	1 CNY = 0.1408 USD
02 February 2024	1 CNY = 0.1411 USD
03 February 2024	1 CNY = 0.1393 USD
04 February 2024	1 CNY = 0.1391 USD
05 February 2024	1 CNY = 0.1406 USD
06 February 2024	1 CNY = 0.1407 USD
07 February 2024	1 CNY = 0.1408 USD
08 February 2024	1 CNY = 0.1408 USD
09 February 2024	1 CNY = 0.1407 USD
10 February 2024	1 CNY = 0.1390 USD
12 February 2024	1 CNY = 0.1393 USD
13 February 2024	1 CNY = 0.1390 USD
14 February 2024	1 CNY = 0.1391 USD
15 February 2024	1 CNY = 0.1394 USD
16 February 2024	1 CNY = 0.1396 USD
17 February 2024	1 CNY = 0.1390 USD
18 February 2024	1 CNY = 0.1390 USD
19 February 2024	1 CNY = 0.1405 USD
20 February 2024	1 CNY = 0.1389 USD
21 February 2024	1 CNY = 0.1391 USD
22 February 2024	1 CNY = 0.1391 USD
23 February 2024	1 CNY = 0.1390 USD
24 February 2024	1 CNY = 0.1390 USD
25 February 2024	1 CNY = 0.1390 USD
26 February 2024	1 CNY = 0.1390 USD
27 February 2024	1 CNY = 0.1390 USD
28 February 2024	1 CNY = 0.1389 USD
29 February 2024	1 CNY = 0.1390 USD

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.