Historic Peruvian sol Chinese Yuan Renminbi

Peruvian sol chinese yuan renminbi history for March 2024. The highest quote for this month is 1.9528 (11/03/2024) and the lowest 1.9856 (11/03/2024). The difference between high and low is -1.68.

PEN CNY average rate for March 2024 is 1.93142, the change between 01/03/2024 and 31/03/2024 is -2.73 %.

01 March 20241 PEN = 1.894 CNY
03 March 20241 PEN = 1.909 CNY
04 March 20241 PEN = 1.947 CNY
05 March 20241 PEN = 1.910 CNY
06 March 20241 PEN = 1.943 CNY
07 March 20241 PEN = 1.910 CNY
08 March 20241 PEN = 1.972 CNY
10 March 20241 PEN = 1.907 CNY
11 March 20241 PEN = 1.977 CNY
12 March 20241 PEN = 1.946 CNY

27/07/2020: Transition to Sol

Peru announced the removal of 'Nuevo' from the currency's name, making it officially known as the Sol once again.

15/12/2015: Introduction of New Sol Banknotes

New series of banknotes featuring improved security features and designs were introduced for the Nuevo Sol.

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.

01/10/1995: Introduction of Nuevo Sol

The Peruvian Sol was revalued and renamed as the Nuevo Sol, with a new currency code of PEN.

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.

01/07/1991: Return to the Sol

Peru reintroduced the Sol as its official currency, replacing the Inti at a rate of 1 million Intis to 1 Sol.

01/02/1985: Creation of the Inti

The Peruvian Inti was created to replace the Sol as the official currency as part of an economic reform plan.

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.

01/07/1880: Adoption of the Sol de Oro Standard

Peru adopted the Sol de Oro standard, pegging the Sol to gold at a fixed rate.

23/11/1850: Introducción of Peruvian Sol

The Peruvian Sol was introduced as the official currency of Peru to replace the Spanish real.