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China's Interbank Forex Trade Stable in April
China's interbank foreign exchange transactions amounted to 4.021 billion U.S. dollars-worth in April, up 13 percent over the previous month, according to the Shanghai- based China Foreign Exchange Center Sunday in Shanghai.
This means a daily trading volume of 175 million U.S. dollars- worth on each of the 23 trading days.
The total turnover included some 3.95 billion U.S. dollars, 195 million Hong Kong dollars, and 5.715 billion Japanese yen.
The weighted average exchange rate closed the month at one U.S. dollar for 8.2774 yuan, a decrease of three basis points from at the end of March, and one Hong Kong dollar for 1.0610 yuan, with the yuan-yen rate standing at 6.7009:100, compared with 6.6532:100 at the end of March.
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