Financial news

Volatility was preserved at DEPO-market. Foreign exchange market review. 26 September 2007

At Ukrainian interbank foreign exchange market «heated» by yesterday events market was opened today multidirectionaly — 5,02/5,06. But when majority of participants entered the market, trade range was formed between 5,04 and 5,06 per $1. By 11:00 КТ USD quotations constituted 5,054/5,060, but market participants' desire to sell currency was greater today in comparison with yesterday, as a result quotations rolled away by 5,035/5,045. By the end of bids rate constituted 5,005/5,055, that witnesses that both the rest of the buyers and venders postponed their interests at these levels till next day.

Majority of bargains was concluded today by market participants at the range  5,045/5,055, at 5,01/5,03 per $1 a day before.

NBU did not participate in bids again.

Today at DEPO-market was preserved volatility which was caused by discredit crisis at international financial markets.

In spite of balances increase on accounts of commercial banks in NBU till 20,638 bln. rates on interbank credits are not lowered. Trade range on hryvna «ovrnight» increased today, remains at level 0,5/1,5%. Average weighted «overnight», however, by 16:00 КТ constituted 1,1%, against 0,9% as results of bids on Tuesday. Volume of concluded bargains by this time constituted just UAH 0,471 bln., at UAH 1,252 bln. on Tuesday.

Cost of «weekly» resources fluctuates at the range 2,0/4,0%, at 2,0/5,0% a day before. However average price on concluded bargains increased by 3,0-3,4%, from 2,8% in accordance with the results of bids of previous day. Volume of bids constituted about 94 mln., at UAH 169 mln., fixed a day before.

Credits cost for the term «from 22 to 31 day» constitutes about 6,0% annuals, at 6,4% in accordance with the results of previous session.

Dollar «overnight» today cost from 6,0 to 8,0, in Euro — 4,50/5,5.

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