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China's interbank forex trading brisk in October China's interbank foreign exchange transactions averaged US$421 million per trading day in October, rising 117 percent on an annual basis. Total transactions of the month's 18 trading days amounted to US$7. 569 billion, according to the Shanghai-based China Foreign Exchange Center. The weighted average exchange rate for October moved marginally. The rate was one US dollar for 8.2767 yuan at the beginning of the month, rising to one US dollar for 8.2770 yuan and closing at 8.2768 at the end of the month, remaining the same as that a month earlier. The exchange rate of the Hong Kong dollar against yuan stood at 1:1.0606 at the end of October, compared with 1.0594 for the end of September. The yen-yuan rate closed at 100:6.7896, a minor rise of 35 base points from the previous month. |
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