United States dollar chinese yuan renminbi exchange rate history (USD CNY) December 2023

United States dollar chinese yuan renminbi history for December 2023. The highest quote for this month is 7.1872 (11/12/2023) and the lowest 7.164 (09/12/2023). The difference between high and low is 0.32.

USD CNY average rate for December 2023 is 7.12495, the change between 01/12/2023 and 31/12/2023 is -0.31 %.

01 December 2023	1 USD = 7.08 CNY
02 December 2023	1 USD = 7.14 CNY
03 December 2023	1 USD = 7.14 CNY
04 December 2023	1 USD = 7.06 CNY
05 December 2023	1 USD = 7.14 CNY
06 December 2023	1 USD = 7.15 CNY
07 December 2023	1 USD = 7.14 CNY
08 December 2023	1 USD = 7.15 CNY
09 December 2023	1 USD = 7.16 CNY
10 December 2023	1 USD = 7.16 CNY
11 December 2023	1 USD = 7.13 CNY
12 December 2023	1 USD = 7.17 CNY
13 December 2023	1 USD = 7.18 CNY
14 December 2023	1 USD = 7.17 CNY
15 December 2023	1 USD = 7.07 CNY
16 December 2023	1 USD = 7.12 CNY
17 December 2023	1 USD = 7.12 CNY
18 December 2023	1 USD = 7.07 CNY
19 December 2023	1 USD = 7.13 CNY
20 December 2023	1 USD = 7.07 CNY
21 December 2023	1 USD = 7.13 CNY
22 December 2023	1 USD = 7.14 CNY
23 December 2023	1 USD = 7.13 CNY
24 December 2023	1 USD = 7.13 CNY
25 December 2023	1 USD = 7.08 CNY
26 December 2023	1 USD = 7.14 CNY
27 December 2023	1 USD = 7.14 CNY
28 December 2023	1 USD = 7.14 CNY
29 December 2023	1 USD = 7.11 CNY
30 December 2023	1 USD = 7.10 CNY
31 December 2023	1 USD = 7.10 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.