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Home >> Business
UPDATED: 19:31, May 12, 2004
Foreign exchange trade robust in April
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The month of April saw a dynamic trade on the inter-bank foreign exchange market in China, with a robust month-on-month growth of 50 percent in average transaction volume.

According to the Shanghai-based national forex swap center, turnover of four major foreign currencies, namely the US dollar, the Japanese yen, the HK dollar and the euro, amounted to 13.52 billion US dollars for the 22 trading days in April.

The total included 13.2 billion US dollars in trade in the greenback, up 53 percent over the month-earlier level.

The average weighted price of the US dollar experienced slight ups and downs in the month, which ended the trading period at 8.2771 yuan against one dollar, up one percentage point month-on-month, sources with the swap center say.

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