PBOC Raises Yuan-Dollar Central Parity Rate by 6 Basis Points
Dou Shicong
/SOURCE : Yicai
PBOC Raises Yuan-Dollar Central Parity Rate by 6 Basis Points

(Yicai Global) Nov. 20 -- China's central bank, the People's Bank of China (PBOC), raised the yuan-dollar central parity rate by 6 basis points today, following another rise of 9 basis points Friday.

The China Foreign Exchange Trade System (CFETS), PBOC's interbank trading and foreign exchange division, set the yuan central parity rate at 6.6271 versus the dollar, as against Friday's 6.6277.

The onshore yuan-dollar spot exchange rate was 6.6353 at the official close Friday, while the offshore spot exchange rate was 6.6425 at 9:22 a.m. today.

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Keywords: Central Parity Rate , Onshore , Offshore , Pboc