Financial news

At DEPO-market inter-bank credit rates have increased

At the Ukrainian inter-bank foreign exchange market, the US exchange rate against the hryvnia has once more tendency towards volatility, while quotations move during the session has differently oriented character.

Trading was opened today at the level of UAH4,84/ USD4,90, but with the beginning of active trading the range moved to 4,855/4,880 area. But due to high currency offer, quotations could not remain in this range for a long period of time, and the exchange rate decreased to the level of 4,82/4,85 having reached the minimum mark of 4,79/4,82. Towards session closing, the exchange rate somewhat increased and amounted to 4,84/4,89 per $1.

The major portion of transactions was concluded today by market participants within the range of 4,84/4,86, with 4,84/4,90 per $1 at bids on previous business day.

Trading volatility at market is likely to remain high on Monday due to renewal of normal business activity of companies which have prolonged week-end this week.

At DEPO-market, according to previous expectations inter-bank credit rates have risen in all currencies because of traditional offer limitation before reporting date, but significant quantity of temporarily surplus funds at banks as well as the desire to "make money work" before prolonged week-end forced the rates to their yesterday levels.

Overnight rates in national currency opened the trading from the mark of 18/25%, but towards the end of the day decreased to 7,0/15,0% in comparison with 8,0/25,0% at bids on Tuesday. Nevertheless, weighted average price on concluded transactions by 17:00 KT increased and constituted 16,6% with 14,2% a day earlier, while the volume of transactions constituted UAH 1,62 billion, with UAH 2,53 billion on the previous day.

Rates on credits for a period "from 2 to 7 days" fluctuate within 5 percent range from the mark of 20 percent which is significant even in comparison with the yesterday level of 19,5/35,0% p.a. Weighted average price on concluded transactions decreased to 20,3%, with 22,8% according to trading results on Tuesday.

Rates on credits for a period "from 22 to 31 days" on actually concluded transactions are today within the range of 19,8/24,0%, with 16,6/19,4% on the previous day.

USD overnight rates are quoted today by the banks within the limits of 4,0/8,0%, with 3/6% yesterday, overnight rates in euro — 4,5/8,0, with 4,0/5,0% p.a. at bids on Tuesday.

Comments by S.N.KRAMAROVA, Head of the Treasury 

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