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The yuan ended a notch weaker versus the US dollar at 8.2766 on Wednesday, near the stronger end of its trading range.
The one-year non-deliverable dollar forward discount versus the yuan was at 1,030 points implying a rate of 8.175 yuan per dollar in 12 months' time.
NDFs are a transaction 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 4.70/5.30 percent on Wednesday.
Implied volatility is a measure of how much the options market expects the price of the underlying asset to move during the life of the option.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover, a moderate $690 million on Tuesday, was not immediately available. The yuan firmed to 7.6185 against 100 Japanese yen from Tuesday's 7.6276 and strengthened versus the euro to 10.1933 from 10.2800.

Copyright Reuters, 2004

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