Financial news

High demand for foreign currency remains without a change. Foreign exchange market review. 16 October 2007

At Ukrainian interbank foreign exchange market today there were no significant changes in the course of events. Specific features of today session are that bids during the whole day took place in quite narrow range 5,040/5,055, while 5,028/5,055 a day before.

High demand for currency which is explained by season factors, stays without changes and against background of insignificant foreign currency supplies to the country maintains quotations by maximum marks.

Major part of the concluded bargains was performed in the range 5,048/5,052, while 5,033/5,037 per $1 a day before.

NBU did not come to the market.

At DEPO-market the situation has not been changed.

Quotations fluctuation on hryvna "overnight" today is noted in the range 0,25/1,10, but major part of bargains  still has been concluded in the range 0,30/0,60%. Average weighted "overnight" rate by 17:00 КТ made up 0,6%, staying unchangeable since yesterday. The volume of the concluded bargains made up UAH 1 630 mln. while UAH 1 180 mln. a day before.

The cost of "weekly" resources today decreased a little bit and stays in the range  0,9/1,75%, while 1,5/2,4% on Monday. Average price on the conducted bargains decreased by 1,4%, from 1,6%. Bids volume grew up more than 2 times by UAH 239 mln. from UAH 99 mln. a day before.

The price on issued credits for the term "from 22 up to 31 day" fluctuated today in the range 2,5/7,00%, but as of 17:00 КТ there has not been fixed a concluded bargain.

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