Historic Colombian Peso Chinese Yuan Renminbi

Colombian Peso chinese yuan renminbi history for February 2024. The highest quote for this month is 0.001841 (17/02/2024) and the lowest 0.00185 (12/02/2024). The difference between high and low is -0.49.

COP CNY average rate for February 2024 is 0.00183, the change between 01/02/2024 and 29/02/2024 is -1.1 %.

01 February 20241 COP = 0.0018 CNY
02 February 20241 COP = 0.0018 CNY
03 February 20241 COP = 0.0018 CNY
04 February 20241 COP = 0.0018 CNY
05 February 20241 COP = 0.0018 CNY
06 February 20241 COP = 0.0018 CNY
07 February 20241 COP = 0.0018 CNY
08 February 20241 COP = 0.0018 CNY
09 February 20241 COP = 0.0018 CNY
12 February 20241 COP = 0.0018 CNY
13 February 20241 COP = 0.0018 CNY
14 February 20241 COP = 0.0018 CNY
15 February 20241 COP = 0.0018 CNY
16 February 20241 COP = 0.0018 CNY
17 February 20241 COP = 0.0018 CNY
18 February 20241 COP = 0.0018 CNY
19 February 20241 COP = 0.0018 CNY
20 February 20241 COP = 0.0018 CNY
21 February 20241 COP = 0.0018 CNY
22 February 20241 COP = 0.0018 CNY
23 February 20241 COP = 0.0018 CNY
24 February 20241 COP = 0.0018 CNY
25 February 20241 COP = 0.0018 CNY
26 February 20241 COP = 0.0019 CNY
27 February 20241 COP = 0.0018 CNY
28 February 20241 COP = 0.0018 CNY
29 February 20241 COP = 0.0018 CNY

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

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.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.