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ICBC Global Market: RMB Interest Rate Market Update - November 27, 2018
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On Monday (November 26), central parity exchange rate of RMB was 6.9453, a depreciation of about 0.21% over the previous trading day. RMB exchange rate in the interbank market opened at 6.9445 and closed at 6.9351 at 16:30, an appreciation of about 0.10% over the previous trading day, with the highest and lowest of 6.9340 and 6.9471 respectively. Regarding the swap market, the market trading was relatively vibrant, and swap points with different terms saw a slight volatility. In the short term, the swap point with the next day term closed at 0.19, down 0.06 point over the previous trading day. In the medium and long term, the one-year swap point closed at -250, up 15 points over the previous trading day. Overseas RMB non-deliverable forward (NDF) declined by 152 points from the previous trading day to 6.9888. Its difference from domestic one-year forward exchange rate was 787 points.
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（2018-11-27）
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