China's Interbank Forex Trade Up Slightly in February

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Last updated at: (Beijing Time) Sunday, March 10, 2002

China's Interbank Forex Trade Up Slightly in February

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China's interbank foreign exchange transactions amounted to 411 million U.S. dollars daily in February, a slight rise of 2.14 percent over the year-ago period, according to figures released by the Shanghai-based China Foreign Exchange Center.

The total turnover of 6.982 billion U.S. dollars in the 17 trading days in February includes some 6.927 billion U.S. dollars, 230 million Hong Kong dollars and 3.316 billion Japanese yen.

The exchange rate of the U.S. dollar fluctuated in February. The weighted average exchange rate of the U.S. dollar started at 8. 2766 yuan in early February, climbed to 8.2770 yuan after the Spring Festival in mid-February but closed at the same 8.2765 yuan as in January.

The weighted average exchange rate of the HK dollar ended the month at 1.0607 yuan, down two basic points from the end of January.

The yuan-yen rate stood at 6.1790:100 at the end of February, down by 618 basis points from the end of February.

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