Yuan-Dollar Central Parity Rate Set by PBOC Down 44 Basis Points
Xu Wei
/SOURCE : Yicai
Yuan-Dollar Central Parity Rate Set by PBOC Down 44 Basis Points

(Yicai Global) OCT 17 -- The central parity rate of the yuan (CNY) against the US dollar (USD) was down 44 basis points before the opening of the interbank market on October 17.

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 6.5883 against the dollar, compared with the official close of 6.5912 yesterday.

The onshore spot exchange rates of the yuan against the dollar rose to 6.5890 at the close of night trading yesterday; while the offshore spot exchange rates of the yuan against the dollar increased to 6.5726.
 

Follow Yicai Global on
Keywords: Central Parity Rate , Onshore Yuan , CNY , Offshore , CNH , US Dollar , Foreign Currency Reserve