Financial news

Foreign exchange market review for 20.11.2007

At Ukrainian interbank foreign exchange market bid take place with descending mood, repeating previous day bid dynamic.

Being opened at the level about 5,010/5,015 per $1, bid took place for some time in an ascending trend. Having reached the mark 5,018/5,025, where the interest to US dollars sale showed itself and as a result the rate decreased by the level 5,005/5,015 per $1. By bid completion the rate made up 5,01/5,02 per $1, while 5,005/5,025 on previous day.

Major share of bargains today was concluded by banks in the range 5,015/5,020, against 5,02/5,03 per $1 at bid on Monday. National bank goes on observing the course of bid.

At DEPO-market today «burst» of interest rates on interbank credits in national currency is observed, which was caused by cut of balances at correspondent accounts of commercial banks at NBU by 13,4 bln., from 14,6 bln. a day before, and also increase od requirements to obligatory reservation by commercial banks.

«Overnight» credit rates fluctuate today in the range 2/10%, while 1,25/3,00% a day before. Major share of bargains was concluded today in the range 4/6%, while 1,50/2,0% on previous day. Average weighted «overnight» rate by 17:00 КТ made up 5,0%, while 2,0% according to Monday bid results. Concluded bargains volume made up UAH 3 bln., while 3,13 bln. according to Monday results.

Credits for the term «from 2 up to 7 days» increased in price by 4,5/6,5% in comparison with  2,5/4,8% on previous day and average price of the concluded bargains increased by 6,0%, from 3,0% according to bid results on previous day. Volume of registered bargains cut again and made up 122 mln., while 297 mln. on Monday.

Credit price for the term «from 22 up to 31 day» fluctuated today in the range 7,4/8,0%, while 5,8/8,0% at previous session.

Comments of KRAMAROVA S. N., Head of Treasury of Pravex-Bank

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