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Smooth Transaction in Foreign Exchange in April
April saw a total of 22 dealing days transacted between inter-banks in foreign exchange market, with an accumulated transaction volume up to US$ 2.97 billion, and a daily transaction at US$135 million, an increase of 40.7% over last April.
The weighted average exchange rate between US dollar against Chinese yuan stood at 8.2799 by the end of April, up 0.0012 points over the 8.2787 at the end of March, Hong Kong dollar to RMB (Renminbi) at 1.0627, down 0.0004 points as against 1.0631 in March, Japanese yen to RMB at 7.7474, a fall of 0.0990 points from 7.8464 in March.
The inter-bank lending and treasury bonds transactions totaled 22 dealing days with the total transaction volume hitting 124.921 billion yuan and a daily transaction at 5.678 billion yuan, an average chain increase of 35.97%.
The weighted average lending interest rate and repurchase rate in April stood respectively at 2.43% and 2.425 %. The fluctuation of the call loan interest rate ranged from 2.1% to 6.12%, a further decrease from that in March, and the fluctuation of the repurchase rate was from 2.35 % to 2.97%, also a shift down.
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