The yuan ended two notches higher versus the US dollar at 8.2770 on Monday, near the stronger end of its managed trading range.
The one-year non-deliverable dollar forward discount versus the yuan was at 2,050 points implying a rate of 8.073 yuan per dollar in 12 months' time.
NDFs are a transaction where a forward price is agreed between a customer and a bank, but settlement on the value date is undertaken entirely in US dollars.
One-year implied yuan volatility was traded at 6.70/7.20 percent on Monday.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover, a thin $330 million on Friday, was not immediately available on Monday. The yuan ended firmer at 7.3394 against 100 Japanese yen from Friday's 7.3949, and strengthened against the euro to 9.8934 from 9.9129.
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