Financial news

Foreign exchange market review. 22 August 2007

In Ukrainian interbank foreign exchange market on Wednesday it is observed a continuation of the trend of strengthening of dollar rate against hrivna marked since beginning of the week.

On the one side foreign investors take out a part of their means from Ukrainian assets and buy foreign currency, on the other side the volume of investments inflow from abroad is decreased. These two factors result in increase of "gap" between demand and offer for foreign currency, part of which today, probably, was covered at the expense of sales by some banks of their foreign currency positions because interbank hrivna rates came close to levels of its sale.

The main amount of dealerships was concluded today in the range of 5,01/5,02 while 5,005/5,010 per $1 on previous day. NBU did not come to the market..

DEPO-market. Today direction of rates on interbank credits has multidirectional character. So, hrivna "overnight" price still fluctuates in the range of 0,5/1,5% annuals, but by evening its cost is decreased on 0,25-0,5%.  

Average price of the concluded dealerships by 15-00КТ increased on 0,1% against yesterday level by 1,0%, but according to bid results, will rather fall down by previous 0,9% annuals, and may be by 0,8%. The volume of the concluded dealerships by the very this time made up UAH 440 mln. against UAH 1456 mln. according to Tuesday bid results.

Today "weekly" resources price is in the range of 2,0/3,5 while yesterday 1,25/5,6%. But average cost of issued credits increased by 2,0% from 1,7% annuals. The volume of bid made up by 15-00КТ UAH 134 mln. while 130 mln. on Tuesday.

Dealerships for the term "from 22 to 31 days" were concluded by market participants in the range of 6,0/7,0 while 3,0/9,5% on previous day.