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Inter-bank Forex Trade Grows by One Quarter
The turnover of China's inter-bank foreign exchange trade reached US$19.78 billion for the first quarter of this year, according to the latest statistics released by the Shanghai-based China Interbank Trade System.

The quarterly trading volume represented 341 million U.S. dollars per day, an increase of nearly 25 percent over the same period last year.

A total of 58 inter-bank foreign exchange transaction deals were made during the quarter, involving US$19.5 billion, 1.04 billion Hong Kong dollars and 12.85 billion Japanese yen.

The U.S. dollar was traded between 8.2765 and 8.2768 yuan from January 1 to February 12 and the weighted average exchange rate of the U.S. dollar was 8.2768 yuan in early January, and 8.2774 yuan by late March.

(People's Daily April 15, 2002)

Interbank Forex Trade Surges in January
China Dealt Heavy Blow at Illegal Foreign Exchange Transaction
Chinese Foreign Exchange Market Remains Stable
China Mounts Campaign against Illegal Forex Trading
China Lowers Forex Deposit Rates
Rules for Foreign Exchange Adjusted
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