Financial news

Jump of the rate of US dollar against hryvna. Foreign exchange market review. 18 September 2007

At Ukrainian interbank foreign exchange market today in the beginning of trade session the jump of the rates of US dollar against hryvna was cancelled. It was caused, most probably, by the fact that currency sellers held it for some time and when the rate started to grow, they started to sell US dollar.

In the beginning of the bid US dollar quotations made up 5,007/5,013, but very soon the growth started and as a result of it they reached the mark 5,015/5,021 per $1. As currency was splashed out to the market for sale, quotations started to decrease and by the end of the session they lowered below opening level — by 5,003/5,008 per $1. On Monday bid were closed at the mark 5,008/5,010.

Conclusion of bigger part of bargains today is marked in the range 5,008/5,015, while 5,007/5,010 per $1 during two previous sessions. NBU did not participate in the bid.

At DEPOT-market today growing trend of interest rates on interbank credits is observed.

"Overnight" in national currency is still relatively stable and fluctuates in the range 0,5/1,0%, though at the opening individual bargains have been fixed at the cost higher than 1%. Average weighted price on concluded bargains remains at the level 0,8%. Concluded bargains bulk by 16:00 КТ made up UAH 0,763 bln., while UAH 1,333 bln. on Monday.

The cost of "weekly" resources after a insignificant decrease on Monday shows the growth. Rates fluctuation today is marked in the range 1,5/4,0, while 1,0/4,5% a day before. Today the price by 16:00 КТ grew up by 2,1%, from 1,6% according to the results of previous day. Bid bulk decreased by 65,5 mln., from UAH 203,6 mln., fixed a day before.

The cost of credits for the term "from 22 to 31 day" fluctuates today in a wide range about  5,0/8,8%, while 7,4/8,5% on previous day. Average price changed by 5,4%, from 7,8% a day before.

Comments of KRAMAROVA S. N., Head of Treasury of PRAVEX-BANK