Historic Salvadoran Colón Chinese Yuan Renminbi

Salvadoran Colón chinese yuan renminbi history for February 2024. The highest quote for this month is 0.84422 (19/02/2024) and the lowest 0.8453 (12/02/2024). The difference between high and low is -0.13.

SVC CNY average rate for February 2024 is 0.83474, the change between 01/02/2024 and 29/02/2024 is -1.37 %.

01 February 20241 SVC = 0.8341 CNY
02 February 20241 SVC = 0.8315 CNY
03 February 20241 SVC = 0.8202 CNY
04 February 20241 SVC = 0.8219 CNY
05 February 20241 SVC = 0.8263 CNY
06 February 20241 SVC = 0.8327 CNY
07 February 20241 SVC = 0.8322 CNY
08 February 20241 SVC = 0.8326 CNY
09 February 20241 SVC = 0.8330 CNY
10 February 20241 SVC = 0.8225 CNY
12 February 20241 SVC = 0.8427 CNY
13 February 20241 SVC = 0.8436 CNY
14 February 20241 SVC = 0.8430 CNY
15 February 20241 SVC = 0.8417 CNY
16 February 20241 SVC = 0.8405 CNY
17 February 20241 SVC = 0.8220 CNY
18 February 20241 SVC = 0.8220 CNY
19 February 20241 SVC = 0.8347 CNY
20 February 20241 SVC = 0.8442 CNY
21 February 20241 SVC = 0.8430 CNY
22 February 20241 SVC = 0.8430 CNY
23 February 20241 SVC = 0.8431 CNY
24 February 20241 SVC = 0.8223 CNY
25 February 20241 SVC = 0.8223 CNY
26 February 20241 SVC = 0.8443 CNY
27 February 20241 SVC = 0.8440 CNY
28 February 20241 SVC = 0.8442 CNY
29 February 20241 SVC = 0.8455 CNY

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.
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