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Exchange rates for the Deutsche Mark in China / DEM 1 = CNY ... (selling) / up to 1998

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  1. Exchange rates, euro foreign exchange reference rates, gold prices
  2. Exchange rates in individual countries
  3. Yearly average
  4. DEM Deutsche Mark (historical)
  5. CNY Chinese renminbi (China)
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.A.CNY.DEM.CA.AB.A04
Unit CNY
Dimension one
Timespan from 1986 to 1998
Last update 20.09.2023 12:48:05 PM
   
General From 8 August 1992, alongside the official exchange rate, a so-called swap market rate was also in place; however, we do not have any details about these rates or information on how they were used. On 1 January 1994, the exchange rate system was unified on the basis of the swap market rate. Listed against the euro as of January 1999, see BBEX3:A:CNY:EUR:CA:AC:A04 (exchange rates in China) and as of 2000 BBEX3:A:CNY:EUR:BB:AC:A04 (euro foreign exchange reference rates of the European Central Bank).
Methodology Calculated on the basis of daily rates. From 1991 to 1993, calculated on the basis of mid-month and month-end rates.
Source From the beginning of April 1995: Bank of China, Frankfurt Branch. Until the end of March 1995: People's Bank of China, Peking.
   
Comment on 1995 Average from April to December 1995. On 1 January 1994, the Chinese renminbi was devalued. We recorded the following exchange rates (buying/selling rate): 31 December 1993: DEM 1 = CNY 3.3491 / 3.3659 1 January 1994: DEM 1 = CNY 4.9927 / 5.0177 On the basis of these exchange rates, the Chinese renminbi depreciated by 32.9%.
Comment on 1994 From April 1994 until March 1995, we were only provided the mid-market rates.
Comment on 1989 On 16 December 1989, the Chinese renminbi was devalued. We recorded the following exchange rates (buying/selling rate): 15 December 1989: DEM 1 = CNY 2.1467 / 2.1575 16 December 1989: DEM 1 = CNY 2.7417 / 2.7555 On the basis of these exchange rates, the Chinese renminbi depreciated by 21.7%.
Comment on 1986 On 5 July 1986, the Chinese renminbi was devalued. We recorded the following exchange rates (buying/selling rate): 4 July 1986: DEM 1 = CNY 1.4668 / 1.4742 5 July 1986: DEM 1 = CNY 1.7012 / 1.7098 On the basis of these exchange rates, the Chinese renminbi depreciated by 13.8%.
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