Chinese Yuan Renminbi united states dollar exchange rate history (CNY USD) November 2023

Chinese Yuan Renminbi united states dollar history for November 2023. The highest quote for this month is 0.14116 (29/11/2023) and the lowest 0.14189 (29/11/2023). The difference between high and low is -0.52.

CNY USD average rate for November 2023 is 0.13875, the change between 01/11/2023 and 30/11/2023 is -3.34 %.

01 November 2023	1 CNY = 0.1367 USD
06 November 2023	1 CNY = 0.1370 USD
07 November 2023	1 CNY = 0.1376 USD
08 November 2023	1 CNY = 0.1374 USD
09 November 2023	1 CNY = 0.1374 USD
10 November 2023	1 CNY = 0.1373 USD
11 November 2023	1 CNY = 0.1372 USD
12 November 2023	1 CNY = 0.1372 USD
13 November 2023	1 CNY = 0.1392 USD
14 November 2023	1 CNY = 0.1372 USD
15 November 2023	1 CNY = 0.1379 USD
16 November 2023	1 CNY = 0.1380 USD
17 November 2023	1 CNY = 0.1381 USD
18 November 2023	1 CNY = 0.1387 USD
19 November 2023	1 CNY = 0.1387 USD
20 November 2023	1 CNY = 0.1387 USD
21 November 2023	1 CNY = 0.1395 USD
22 November 2023	1 CNY = 0.1411 USD
23 November 2023	1 CNY = 0.1398 USD
25 November 2023	1 CNY = 0.1399 USD
26 November 2023	1 CNY = 0.1399 USD
27 November 2023	1 CNY = 0.1412 USD
28 November 2023	1 CNY = 0.1403 USD
29 November 2023	1 CNY = 0.1416 USD
30 November 2023	1 CNY = 0.1413 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.