Financial news

Foreign exchange market. 19.12.2007

At Ukrainian interbank market after improving of situation during two previous days state of business remains stable. Demand and offer balance at the range 5,05-5,06 per $1 for the second session in succession. While opening at the level 5,054/5,060 by the end of session quotations decreased to the mark 5,050/5,055, in comparison with 5,055/5,060 on bids on Tuesday.

Majority of bargains was concluded today at the range 5,054/5,057, at 5,052/5,056 on bids during previous day.

National Bank did not participate in bids.

At Depo-market since the beginning of the week there is observed amelioration of the situation with interbank crediting. Today rates show dynamic decrease.

Rates on "overnight" credits fluctuate at the range 2,0/7,0%, at 4,0/8,0% on Tuesday. Majority of bargains was concluded within 3,0/5,0%, at 4,5/6,5% a day before. Average "overnight" rate on concluded bargains by 17:00 КТ constitutes 4,2%, at 4,9% in accordance with bids results on Tuesday. Concluded bargains volume by this time constituted UAH 2,23 b., at 3,03 b. on Tuesday.

Credit rate for the term «from 2 to 7 days» kept descending and were at the range 5,5/7,5%, at 6,0/8,0% a day before. Average price, however, decreased more considerably than trade range and constituted 6,3% at 6,9% of annuals a day before. Concluded bargains volume, in spite of price decrease was lowered by 185 m. from 396 m. on Tuesday.

Trade range on credits for the term «from 22 to 31 days» is today at the range 9/11%, that 1% lower than range yesterday.

Rates on interbank credits in USD returned again to the previous marks and fluctuated at the range 6,0/8,0%.

Comments of KRAMAROVA S.N., Head of Treasury

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