China's Central Bank Sets Yuan-Dollar Central Parity Rate at CNY6.62 Per Dollar
Xu Wei
/SOURCE : Yicai
China's Central Bank Sets Yuan-Dollar Central Parity Rate at CNY6.62 Per Dollar

(Yicai Global) Oct. 24 -- The central parity rate of the yuan against the dollar fell 63 basis points before today's opening of the interbank market.

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 6.6268 against the dollar, compared with the official close of 6.6398 yesterday.

The onshore spot exchange rate of the yuan against the dollar rose to 6.6385 at the close of night trading yesterday, while the offshore spot exchange rate dropped to 6.6424.

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