Yuan-Dollar Central Parity Rate China's Central Bank Sets Falls 113 Points, Biggest Slip in Two Weeks
Xu Wei
/SOURCE : Yicai
Yuan-Dollar Central Parity Rate China's Central Bank Sets Falls 113 Points, Biggest Slip in Two Weeks

(Yicai Global) Oct. 23 -- The central parity rate of the yuan (CNY) against the US dollar (USD) fell 113 basis points before today's opening of the interbank market, the sharpest drop over the past two weeks.

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 6.6205 against the dollar, as against Friday's official close of 6.6092.

The onshore spot exchange rate of the yuan against the dollar fell to 6.6195 at the close of night trading last Friday, while the offshore spot exchange rate went up to 6.6206.

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