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The yuan ended two notches weaker versus the US dollar at 8.2772 on Friday, remaining near the stronger end of its managed trading range.
The one-year non-deliverable dollar forward discount versus the yuan was at 3,850 points implying a rate of 7.893 yuan per dollar in 12 months' time.
NDFs are transactions where a forward price is agreed between a customer and a bank, but settlement on the value date is undertaken entirely in US dollars.
One-year implied yuan volatility was traded at 7.35/8.00 percent on Friday.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover was not immediately available. It almost halved to $450 million on Thursday. The yuan strengthened to 7.4409 against 100 Japanese yen from 7.5089, but softened against the euro to 10.1036 from 10.0788.

Copyright Reuters, 2004

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