China's Forex Market Bearish in Feb.

Home>>Business

Last updated at: (Beijing Time) Saturday, March 08, 2003

China's Forex Market Bearish in Feb.

China's interbank foreign exchange market was bearish in February though each trading day was extended from 90 minutes to 360 minutes.

DISCUSSION

CHINESE

SEND TO FRIEND

China's interbank foreign exchange market was bearish in February though each trading day was extended from 90 minutes to 360 minutes.

The turnover of China's inter-bank forex was 4.682 billion US dollars in 17 trading days, according to the latest statistics released by the Shanghai-based China Interbank Trade System.

The trading volume represented 275 million US dollars per day, a decrease of 60 percent over the previous month.

The transactions involved 4.509 billion US dollars, 758 millionHong Kong dollars, 5.245 billion Japanese yen and 30 million euros.

The average weighted exchange rate of US dollars increased from8.277 yuan at the beginning of the month to 8.2775 yuan at the endof February.

In the month, the market also witnessed seven forex borrowing and lending transactions, with total trading volume of 62 million US dollars.

Questions?Comments? Click here

China Sets to Loosen Forex Controls

China's Forex Reserves Hit 286.4 Billion US Dollars

Interview: Why Does China Start Lunar Exploration Program? ( 5 Messages)

China-ASEAN Economic Cooperation Upgraded ( 19 Messages)

New Type of Nuclear Reactor Put into Use in Beijing ( 3 Messages)

Will Russian Oil Pipeline Lead to China or Japan? ( 23 Messages)

China's GDP Hit 1.23 Trillion US Dollars in 2002: NBS ( 4 Messages)

UAE Appeal on Saddam's Fate Draws Mixed Reactions ( 3 Messages)