China's Half-Year Interbank Forex Trading BriskChina's interbank foreign exchange trading for the first half of the year topped 19.03 billion US dollars, according to the latest figures released by the Shanghai-based China Foreign Exchange Trade System.This means 154 million US dollars for each of the 124 trading days on average, a year-on-year increase of 44.7 percent. The total turnover included some 18.57 billion US dollars, 1.73 billion Hong Kong dollars, and 26.07 billion Japanese yen. The weighted average exchange rate of the US dollar remained stable, with the US currency closing at 8.2782 yuan on June 30, down only 17 basis points from the end of last year. The Hong Kong dollar ended the month at 1.0613 yuan, down 35 points from December, with the yuan-yen rate standing at 7.8439: 100, compared with 8.0610:100 at the end of 1999. |
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