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  Forex trade brisk
()
06/15/2001
China's interbank foreign exchange transactions amounted to US$4.37 billion in May, averaging US$243 million per trading day, up 39 per cent from that in April and 38 per cent year on year.

According to the Shanghai-based China Foreign Exchange Trading System, the weighted average exchange rate for May stood at one US dollar for 8.277 yuan, a decrease of four base points from a month earlier, and one Hong Kong dollar for 1.0610 yuan, compared with 1.0611 in April, with the yuan-yen rate standing at 6.7939:100, up 988 base points from a month ago.

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