Chinese yuan ends unchanged

22 Apr, 2004

The yuan ended unchanged versus the dollar at 8.2768 on Wednesday, remaining near the stronger end of its managed trading range.
The one-year non-deliverable dollar forward discount versus the yuan was at 3,050 points implying a rate of 7.973 yuan per dollar 12 months from now.
One-year implied yuan volatility was traded at 7.30/8.25 percent on Wednesday.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover for the day was temporarily unavailable. It rose to $900 million on Tuesday. The yuan strengthened to 7.6066 against 100 Japanese yen from 7.6589 and firmed against the euro to 9.7984 from 9.9070.

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