Historic Swiss franc Chinese Yuan Renminbi

Swiss franc chinese yuan renminbi history for January 2024. The highest quote for this month is 8.4183 (14/01/2024) and the lowest 8.4246 (14/01/2024). The difference between high and low is -0.07.

CHF CNY average rate for January 2024 is 8.29364, the change between 01/01/2024 and 31/01/2024 is +2.1 %.

01 January 20241 CHF = 8.41 CNY
02 January 20241 CHF = 8.40 CNY
03 January 20241 CHF = 8.34 CNY
04 January 20241 CHF = 8.36 CNY
05 January 20241 CHF = 8.36 CNY
08 January 20241 CHF = 8.34 CNY
09 January 20241 CHF = 8.36 CNY
10 January 20241 CHF = 8.33 CNY
11 January 20241 CHF = 8.43 CNY
12 January 20241 CHF = 8.35 CNY
14 January 20241 CHF = 8.42 CNY
15 January 20241 CHF = 8.32 CNY
16 January 20241 CHF = 8.29 CNY
17 January 20241 CHF = 8.26 CNY
18 January 20241 CHF = 8.23 CNY
19 January 20241 CHF = 8.20 CNY
22 January 20241 CHF = 8.18 CNY
23 January 20241 CHF = 8.28 CNY
24 January 20241 CHF = 8.14 CNY
25 January 20241 CHF = 8.21 CNY
26 January 20241 CHF = 8.17 CNY
28 January 20241 CHF = 8.31 CNY
29 January 20241 CHF = 8.20 CNY
30 January 20241 CHF = 8.23 CNY
31 January 20241 CHF = 8.23 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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

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.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.