Financial news

The situation is the same at DEPO-market. Foreign exchange market review. 4 December, 2007

The today at Ukrainian interbank foreign exchange market became a crucial point. Upon fortnight rally US dollar decreased against hryvnia below the level 5,06/$1 against background of demand cut. Such scenario of events development was forecast on the eve by NBU representatives explaining lack of necessity to resume foreign exchange interventions by sufficient foreign currency offer.

Today bid took place in the range 5,050/5,065 in comparison with 5,058/5,070 a day before. Lack of extreme «pressure» on the side of purchasers and good offer promoted hryvnia strengthening, which rate against US dollar increased by the end of bid by 5,055/5,060, from 5,058/5,065 in the morning. During the session the rate decreased by 5,05/5,0,55.

Major part of bargains today was concluded in the range 5,055/5,058, while 5,060/5,065 per $1 on Monday bid.

NBU did not take part in bid.

At DEPO-market despite balance growth at correspondent accounts of commercial banks at NBU the situation with «night» resources is the same.

«Overnight» credits rates fluctuate in the range 2,0/4,6%, while 1,5/5,0% on previous session. Major part of bargains was concluded today in the range 2,5/3,5, while 2,0/4,0% a day before. Average weighted «overnight» rate by 17:00 КТ made up 2,9-3,0%, against 3,0% according to Monday results. Concluded bargains volume by this very time made up UAH 1,95 bln., while 2,52 bln. on Monday.

Rates for credits for the term «from 2 up to 7 days» are less stable and keep on decreasing having selected today the range 3,5/4,7%, while 3,1/5,5% on previous day. Thus, average price on concluded bargains decreased by 3,9% from 4,6% on Monday. Concluded bargains volume, nevertheless, cut by 271 mln. from 320 mln. on Monday.

Trade range on credits for the term «from 22 up to 31 day» makes up today 7,0/10,0%, while 9,5/12,0% on previous session.

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

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