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ICBC Global Market: RMB Interest Rate Market Update - November 30, 2018
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On Thursday (November 29), central parity exchange rate of RMB was 6.9353, an appreciation of about 0.21% over the previous trading day. RMB exchange rate in the interbank market opened at 6.9448 and closed at 6.9451 at 16:30, an appreciation of about 0.16% over the previous trading day, with the highest and lowest of 6.9353 and 6.9475 respectively. Regarding the swap market, the market trading was relatively flat, and short-term swap points saw a slightly descending trend, while long-term swap points saw an ascending trend to some extent. In the short term, the swap point with the next day term closed at 0.03, down 0.12 point over the previous trading day. In the medium and long term, the one-year swap point closed at -225, up 15 points over the previous trading day. Overseas RMB non-deliverable forward (NDF) declined by 99 points from the previous trading day to 6.9981. Its difference from domestic one-year forward exchange rate was 755 points.
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（2018-12-03）
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