Financial news

Rates increase at DEPO-market

At Ukrainian interbank foreign exchange market USD again overcame psychological mark 4,70. However currency was not traded within such range for a long time. Soon afterwards after bids, number of USD buyers turned out to be more than sellers.

Today at the market USD was traded within 4,685/4,72, however after session opening rate was set within 4,6950/4,7150. Neither sellers nor buyers received evident advantage, that is why session was performed within very narrow range — 4,69/4,70. When offer on USD decreased, price increased 1 kopeck. By the closing of bids rate constituted 4,7050/4,73.

Majority of bargains was concluded today by market participants at the same range that yesterday — 4,70/4,72 per $1. A lot of market participants expected the NBU to enter the market however today the National Bank took decision not to buy American currency from banks.

At DEPO-market, due to balances decrease, rates for all the terms were growing at the correspondent accounts for the second day.

"Overnight" in UAH started today from 14,0/18,0% and by the end of the day increased by 17,0/22,0%, with 16,0/20,0% a day before. Average weighted price on actually concluded bargains increased by 17,4%, from 14,4% a day before. Volume of bargains at 17:00 КТ constituted UAH 2,65 b, with 2,8 b in accordance with results of Friday.

Today rates on credits for the term "from 2 to 7 days" are within 7,0/22,0%, with 15,0/22,0% a day before. Average weighted price on actually concluded bargains increased by 18,9%, from 15,7% a day before. Volumes of concluded bargains increased inconsiderably and constituted 68,5 m, with 290 m in accordance with results of Tuesday.

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

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