PBOC Sets Yuan-Dollar Central Parity Rate at Three-Week Low
Tang Shihua
DATE:  Oct 30 2017
/ SOURCE:  Yicai
PBOC Sets Yuan-Dollar Central Parity Rate at Three-Week Low PBOC Sets Yuan-Dollar Central Parity Rate at Three-Week Low

(Yicai Global) Oct. 30 -- The central parity rate of the yuan against the greenback was set 14 basis points lower than that of the previous trading day, representing the lowest rate since Oct 9.

The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBOC), set the yuan central parity rate at 6.6487 against the dollar, as against Friday's official close of 6.6528.

The onshore spot exchange rate of the yuan against the dollar was 6.6515 at the close of night trading Friday, while the offshore spot exchange rate recovered to 6.6513 from 6.6539 at 4.30 p.m Friday.

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Keywords:   Central Parity Rate,Onshore Yuan,CNY,Offshore,CNH,US Dollar,Foreign Currency