The yuan ended unchanged at 8.2765 per US dollar on Friday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 3,620 points, implying a rate of 7.916 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 5.80/6.80 percent.
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, which came to $970 million on Thursday, was not immediately available. The yuan strengthened to 7.9417 against 100 Japanese yen from 7.9609 on Thursday, and softened against the euro to 11.1128 from 11.1033.