Chinese Yuan Renminbi vanuatu vatu exchange rate history (CNY VUV) February 2024

Chinese Yuan Renminbi vanuatu vatu history for February 2024. The highest quote for this month is 16.795 (06/02/2024) and the lowest 16.803 (06/02/2024). The difference between high and low is -0.05.

CNY VUV average rate for February 2024 is 16.55174, the change between 01/02/2024 and 29/02/2024 is +0.82 %.

01 February 2024	1 CNY = 16.65 VUV
02 February 2024	1 CNY = 16.66 VUV
03 February 2024	1 CNY = 16.45 VUV
04 February 2024	1 CNY = 16.42 VUV
05 February 2024	1 CNY = 16.72 VUV
06 February 2024	1 CNY = 16.76 VUV
07 February 2024	1 CNY = 16.73 VUV
08 February 2024	1 CNY = 16.71 VUV
09 February 2024	1 CNY = 16.74 VUV
12 February 2024	1 CNY = 16.53 VUV
13 February 2024	1 CNY = 16.51 VUV
14 February 2024	1 CNY = 16.61 VUV
15 February 2024	1 CNY = 16.59 VUV
16 February 2024	1 CNY = 16.59 VUV
17 February 2024	1 CNY = 16.53 VUV
18 February 2024	1 CNY = 16.53 VUV
19 February 2024	1 CNY = 16.70 VUV
20 February 2024	1 CNY = 16.46 VUV
21 February 2024	1 CNY = 16.50 VUV
22 February 2024	1 CNY = 16.45 VUV
23 February 2024	1 CNY = 16.42 VUV
24 February 2024	1 CNY = 16.42 VUV
25 February 2024	1 CNY = 16.42 VUV
26 February 2024	1 CNY = 16.43 VUV
27 February 2024	1 CNY = 16.44 VUV
28 February 2024	1 CNY = 16.43 VUV
29 February 2024	1 CNY = 16.52 VUV

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.