Inter-bank Forex Ttrade Hit Record High in China

Home>>Business

Last updated at: (Beijing Time) Thursday, July 10, 2003

Inter-bank Forex Ttrade Hit Record High in China

China reached a record high inter-bank foreign exchange turnover in the first half of this year, according to The China Foreign Exchange Center on Thursday.

DISCUSSION

CHINESE

SEND TO FRIEND

China reached a record high inter-bank foreign exchange turnover in the first half of this year, according to The China Foreign Exchange Center on Thursday.

During the 122 trade days in the first six months of this year,the turnover of inter-bank trade in US dollars, euros, Japanese yen and HK dollars, was equal to 59.075 billion US dollars, a year-on-year rise of 50 percent, the center said.

Daily turnover averaged 484 million US dollars.

The trade turnover of US dollar totaled 37.71 billion US dollars, up 50 percent over the same period last year while the amount of HK dollar trade doubled over the first half of last yearto 3.39 billion.

The turnover of Japanese yen topped 36.31 billion, a rise of 0.35 percent while that of the euro reached 51 million.

The exchange rate of US dollars stood stable at 8.2774 yuan by the end of June, compared to 8.2770 yuan at the beginning of the year. During the past six months the exchange rate had varied from8.2766 yuan, the lowest, to 8.2775, the highest.

Questions?Comments? Click here

China's Inter-bank Forex Trade Shoots up in The First Quarter

China's Inter-bank Forex Trade Surges in May

China, ROK to Promote Direct Talks on DPRK Nuclear Issue ( 3 Messages)

DPRK Refutes South Korea's "Principal Enemy" Rhetoric ( 2 Messages)

US Anti-Terrorist Measures Tarry Muslin Travelers Behind ( 3 Messages)

Will Lawmaking on Sexual Harassment Upset Normal Social Life? ( 3 Messages)

China Urges US to Stop Upgrading Relations with Taiwan ( 3 Messages)