United States dollar chinese yuan renminbi exchange rate history (USD CNY) February 2024

United States dollar chinese yuan renminbi history for February 2024. The highest quote for this month is 7.1984 (28/02/2024) and the lowest 7.1969 (28/02/2024). The difference between high and low is 0.02.

USD CNY average rate for February 2024 is 7.16529, the change between 01/02/2024 and 29/02/2024 is -1.34 %.

01 February 2024	1 USD = 7.10 CNY
02 February 2024	1 USD = 7.09 CNY
03 February 2024	1 USD = 7.18 CNY
04 February 2024	1 USD = 7.19 CNY
05 February 2024	1 USD = 7.11 CNY
06 February 2024	1 USD = 7.11 CNY
07 February 2024	1 USD = 7.10 CNY
08 February 2024	1 USD = 7.10 CNY
09 February 2024	1 USD = 7.11 CNY
10 February 2024	1 USD = 7.20 CNY
12 February 2024	1 USD = 7.18 CNY
13 February 2024	1 USD = 7.19 CNY
14 February 2024	1 USD = 7.19 CNY
15 February 2024	1 USD = 7.18 CNY
16 February 2024	1 USD = 7.16 CNY
17 February 2024	1 USD = 7.19 CNY
18 February 2024	1 USD = 7.19 CNY
19 February 2024	1 USD = 7.12 CNY
20 February 2024	1 USD = 7.20 CNY
21 February 2024	1 USD = 7.19 CNY
22 February 2024	1 USD = 7.19 CNY
23 February 2024	1 USD = 7.19 CNY
24 February 2024	1 USD = 7.19 CNY
25 February 2024	1 USD = 7.19 CNY
26 February 2024	1 USD = 7.19 CNY
27 February 2024	1 USD = 7.20 CNY
28 February 2024	1 USD = 7.20 CNY
29 February 2024	1 USD = 7.20 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.