Yuan-Dollar Central Parity Rate Strengthens 220 Basis Points
Liao Shumin
DATE:  Oct 10 2017
/ SOURCE:  Yicai
Yuan-Dollar Central Parity Rate Strengthens 220 Basis Points Yuan-Dollar Central Parity Rate Strengthens 220 Basis Points

(Yicai Global) Oct. 10 -- The central parity rate of the yuan against the dollar rose 220 basis points before today's opening of the interbank market, thereby halting a six-day drop.


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 6.6273 against the dollar, compared with yesterday's official close of 6.6285.

The onshore spot exchange rates of the yuan against the dollar rose to 6.6248 at the close of night trading yesterday, while the offshore rate rose to 6.6149.
 

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Keywords:   Central Parity Rate,CNY,CNH