Historic Singapore dollar Chinese Yuan Renminbi

Singapore dollar chinese yuan renminbi history for April 2023. The highest quote for this month is 5.1827 (04/04/2023) and the lowest 5.1967 (05/04/2023). The difference between high and low is -0.27.

SGD CNY average rate for April 2023 is 5.17102, the change between 01/04/2023 and 30/04/2023 is -0.71 %.

03 April 20231 SGD = 5.15 CNY
04 April 20231 SGD = 5.19 CNY
05 April 20231 SGD = 5.19 CNY
06 April 20231 SGD = 5.18 CNY
07 April 20231 SGD = 5.17 CNY
09 April 20231 SGD = 5.16 CNY
10 April 20231 SGD = 5.16 CNY
11 April 20231 SGD = 5.17 CNY
12 April 20231 SGD = 5.17 CNY
13 April 20231 SGD = 5.18 CNY
14 April 20231 SGD = 5.20 CNY
15 April 20231 SGD = 5.17 CNY
17 April 20231 SGD = 5.16 CNY
18 April 20231 SGD = 5.16 CNY
19 April 20231 SGD = 5.16 CNY
20 April 20231 SGD = 5.16 CNY
21 April 20231 SGD = 5.16 CNY
24 April 20231 SGD = 5.17 CNY
25 April 20231 SGD = 5.18 CNY
26 April 20231 SGD = 5.18 CNY
27 April 20231 SGD = 5.19 CNY
28 April 20231 SGD = 5.19 CNY

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

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.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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.