The Zhitong Finance App learned that on November 10, the China Foreign Exchange Trading Center released an overview of the overseas RMB market for October 2026. In October, the spot exchange rate of the offshore renminbi (CNH) appreciated against the US dollar, and the onshore renminbi (CNY) spot exchange rate appreciated; the average daily spread (absolute value of CNY - CNH) was 23BP, a decrease of 7 BP from the previous month; the CFETS RMB exchange rate index and the RMB exchange rate index with reference to the BIS currency basket and the reference SDR currency basket rose 0.55%, up 0.87%, and 0.81%, respectively, from the end of the previous month. The amount of offshore RMB bonds issued decreased compared to the previous month. CNH HIBOR's overnight, 7-day, 3-month, and 1-year terms decreased by 9 BP, decreased by 3 BP, decreased by 4 BP, and increased by 11 BP, respectively, from the end of the previous month.

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