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ICBC Global Market: RMB Interest Rate Market Update - November 16, 2018
 
On Thursday (November 15), central parity exchange rate of RMB was 6.9392, an appreciation of about 0.01% over the previous trading day. RMB exchange rate in the interbank market opened at 6.9450 and closed at 6.9359 at 16:30, an appreciation of about 0.22% over the previous trading day, with the highest and lowest of 6.9322 and 6.9462 respectively. Regarding the swap market, the market trading was relatively vibrant, and swap points with different terms in the market saw a slight upturn. In the short term, the swap point with the next day term closed at 0.08, up 0.08 point over the previous trading day. In the medium and long term, the one-year swap point closed at -215, up 51 points over the previous trading day. Overseas RMB non-deliverable forward (NDF) declined by 123 points from the previous trading day to 6.9932. Its difference from domestic one-year forward exchange rate was 788 points.

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