Chinese yuan unchanged versus US dollar

17 Mar, 2004

The yuan ended unchanged versus the US dollar at 8.2773 on Tuesday, remaining near the stronger end of its managed trading range.
The one-year non-deliverable dollar forward discount versus the yuan was at 3,300 points implying a rate of 7.948 yuan per dollar in 12 months' time.
One-year implied yuan volatility was traded at 7.25/8.00 percent on Tuesday.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover for the day was not immediately available. It rose to $700 million on Monday. The yuan weakened to 7.5300 against 100 Japanese yen from 7.4614, and softened against the euro to 10.1476 from 10.1161.

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