Financial news

Rates increase at DEPO-market

At Ukrainian interbank foreign exchange market USD today fell by mark of USD/UAH 4,64.

Today bids on USD started from 4,6650. Majority of bargains was performed within 4,64/4,66. Today the National Bank did not perform interventions at Ukrainian foreign exchange market. By the end of trade session USD slightly increased and its rate constituted 4,65/4,68.

At DEPO-market rates increased in comparison with evening of Friday on 3-4%. In the morning credits for a day were given with the rate of 18/20% p.a. With high share of probability it was possible to foresee that today balances on banks' correspondent accounts will increase and that is why a lot of banks tried to allocate spare monetary funds as profitable as possible. Balances increased more than UAH 1 b by 16,34 b.

By the end of the day "overnight" as on Friday, decreased by 14,0/18,0%. Average weighted price on actually concluded bargains decreased by 17,1%, from 18,6% on June 2. Volume of bargains at 17:00 КТ constituted UAH 2,1 b, with 3,02 b in accordance with results of bids on Friday.

Credit rates for the rate "from 2 to 7 days" today are within 14,0/21,0%, with 16,0/23,0% on June 20. Average weighted price on actually performed bargains decreased by 17%, from 18,6% of Friday. Volumes of concluded bargains constituted UAH 10 m.

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

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