Financial news

At DEPO-market trading was inactive

At the Ukrainian interbank foreign exchange market, after yesterday's increase to UAH 4.67 per USD 1, the US currency keeps decreasing and at certain moment the US dollar price dropped to the mark of UAH/USD 4.62.

Trade of US dollar began today as yesterday from the mark of 4.66. At first the number of buyers was comparable to the number of sellers. But soon afterwards, the number of currency sellers began to increase. The US dollar began to drop so sharply that by the end of culminating part of trading USD 1 cost UAH 4.62. The major volume of transactions was performed within the range of 4.63/4.65. The National Bank of Ukraine, regulator of interbank market, proceeded to withdrawal of the US dollar from circulation. By the end of trading session, the US dollar increased a little in price and its exchange rate amounted to 4.65/4.67.

At DEPO-market, trading was inactive. At present, the banks need much less interbank credits than it was 2-3 days earlier. In the morning, average overnight credit rate made up 17.4% in comparison with the yesterday's one — 18.2%. Balances at banks' correspondent accounts increased today but their growth does not affect significantly interest rates level at the DEPO-market.

By the end of the day, overnight credit decreased to 12.0/16.0%. Average weighted price on actually concluded transactions decreased to 16.3%, from 17.1% on Tuesday. The volume of transactions by 17:00 KT amounted to UAH 2.87 bn, with 2.98 bn according to yesterday's trading results.

Rates on credits for a period "from 2 to 7 days" were today within the range of 16.0/20.0%, with 16.5/21.0% on June 24. Average weighted price on actually concluded transactions decreased at the same time to 17.5%, from 18.7% on Monday. The volumes of concluded transactions amounted to UAH 355 m.

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

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