The yuan on Monday ended two notches softer at 8.2765 per US dollar, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan held steady at 4,700 points, implying a rate of 7.808 yuan per dollar in 12 months' time.
The yuan premium on one month non-deliverable forwards rose to 550 points, a level last seen in May and pricing in about a 0.7 percent strengthening in the currency.
One-year implied yuan volatility was traded at 6.25/8.25 percent.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover, which came to a heavy $1.69 billion on Friday, was not immediately available. The yuan weakened to 7.4478 against 100 Japanese yen from 7.3930 on Friday, and ended stronger against the euro at 9.9743 from 10.0054.
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