PBOC Raises Yuan-Dollar Central Parity Rate by 43 Basis Points
Tang Shihua
/SOURCE : Yicai
PBOC Raises Yuan-Dollar Central Parity Rate by 43 Basis Points

(Yicai Global)  Nov. 10 -- China's central bank, the People's Bank of China (PBOC), raised the Yuan-Dollar Central Parity Rate by 43 basis points Friday, after it cut the parity rate by 48 basis points on the previous day. 

The China Foreign Exchange Trade System (CFETS), PBOC's interbank trading and foreign exchange division, set the yuan central parity rate at 6.6282 against the dollar, compared with Thursday's 6.6325.

The onshore spot exchange rate of the yuan against the dollar officially closed at 6.6391 Thursday, and was at 6.6378 at the time of the night trade closing.

The offshore spot exchange rate was 6.6464 at 9:20 am today.

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