PBOC Raises Yuan-Dollar Central Parity Rate by 9 Basis Points
Dou Shicong
/SOURCE : Yicai
PBOC Raises Yuan-Dollar Central Parity Rate by 9 Basis Points

(Yicai Global) Nov. 17 -- China's central bank, the People's Bank of China (PBOC), raised the yuan-dollar central parity rate by 9 basis points today, following a cut of 23 basis points yesterday.

The China Foreign Exchange Trade System (CFETS), PBOC's interbank trading and foreign exchange division, set the yuan central parity rate at 6.6277 versus the dollar, as against yesterday's 6.6286.

The onshore yuan-dollar spot exchange rate was 6.6327 at the official close yesterday, while the offshore spot exchange rate was 6.6273 at 9:25 am today.

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Keywords: Central Parity Rate , Onshore , Offshore , Yuan , Dollar , Pboc