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List of nominal exchange rates. Graph showing the official exchange rate of 1 CNY to the US dollar between 1981 and 2009. Official historical average exchange rates of Renminbi. for major foreign currencies by year [8] (Chinese yuan per 100 foreign currency units) Year. USD.
As of 1 September 2015, the exchange rate for US$1 is ¥6.38. Depegged from the US dollar. On 21 July 2005, the peg was finally lifted, which saw an immediate one-time renminbi revaluation to ¥8.11 per dollar. The exchange rate against the euro stood at ¥10.07060 per euro.
The foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency (the renminbi ). As of May 2024, China's foreign exchange reserves totaled US$ 3.232 trillion ...
China was the second country to reach $500 billion and the first to reach $1 trillion in reserves. China is also the only country that reached net reserves of $2 trillion and $3 trillion. Chinese forex reserve reached over $3.993 trillion and possibly reached $4 trillion before July 2014 but there was no official figures to confirm it.
It was again depegged from the dollar in June 2010. After 2010, the exchange rate floated in line with fundamentals, staying mostly between 6 and 7 CNY per USD. In 2018, the renminbi lost value as China's exports were targeted by USA tariffs and markets had doubts about the strength of the economy.
China's currency, the yuan, hit a post-revaluation high against the U.S. dollar Monday after the People's Bank of China set the yuan's reference rate for trading against the dollar at its highest ...
The US dollar is an official currency in Zimbabwe, along with the euro, sterling, the pula, the rand, and several other currencies. A series of Zimbabwean Bond Coins was put into circulation on 18 December 2014 in 1, 5, 10, and 25 cent denominations, and afterwards 50 cent and 1 dollar bonds coins, which are pegged at the same rate as American ...
An exchange rate between two currencies fluctuates over time. The value of a currency relative to a third currency may be obtained by dividing one U.S. dollar rate by another. For example, if there are ¥120 to the dollar and €1.2 to the dollar then the number of yen per euro is 120/1.2 = 100.
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