News of the Bank
Financial news
Bank in MM
•29 august
Currency rates increase at the depo-market
On Friday the US dollar was traded practically at the same price as yesterday, on Thursday.
•28 august
US dollar continued to strengthen its position at Ukrainian interbank foreign exchange market
Us dollar continued to strengthen its position on Thursday’s trading at Ukrainian interbank foreign exchange market. Bids opened today at the mark 4.655/4.690, with 4.63/4.64 per $1 on previous day. But when active trading began the range narrowed to 4.66/4.68 per $1. Today’s trading closed at the level of 4.64/4.68, with 4.63/4.69 per $1. The majority of deals was concluded today by market participants at 4.665/4.68, with 4.63/4.65 per $1 a day earlier. Monday in the USA is a day off on occasion of Labour Day holiday that’s why a part of bids could be carried over and performed tomorrow, that should increase trading volume and rate dynamics.
•27 august
At DEPO-market the growth of UAH short term credit rates is stated
At the Ukrainian interbank foreign exchange market the rally of US dollar continued today. Trading opened today at the level of 4.63/4.64, being closed yesterday at 4.62/4.64, during 10-15 minutes influenced by high demand quotations increased up to 4.635-4.64/4.655-4.67. By the end of the day, quotations expressing bids participants’ interests formed the range of 4.63/4.69 per $1.
•26 august
Pair Euro/US dollar reached the next minimum
Overview of FOREX market as of Tuesday, August 26, 2008 Pair Euro/US dollar reached today the next minimum for the last half-year, as well as the mark USD 1.4570 per 1 Euro. Today GBP 1 was sold against USD 1.8328. The last time British currency had the same price in the midst of July 2006. Swiss franc reached today the lowest mark against US dollar from February of the current year.
•22 august
At the DEPO-market recourses cost decreased
At the Ukrainian interbank foreign exchange market is stated a turn in the line of market movement, US currency after two sessions increase dropped against UAH with a few kopeks. Bids opened today at the mark 4.6150/4.630, and soon after the rate was at the level of 4.605/4.6200. Further the decrease changed to a short term raise within 1 kopeck, but by the end of the day quotations dropped again to 4.605/4.615 per $1, being at the close 4.625/4.65 on Thursday.
•21 august
At Ukrainian interbank foreign exchange market the US currency continued its upward growth
At Ukrainian interbank foreign exchange market the US dollar continued its upward rise against decreased offer due to operated on Wednesday by NBU intervention when the NBU purchased pounds at the rate of 8.8784. At the session opening, the US dollar fixed at the range 4.60/4.62 and afterwards showed slow but steady growth that stopped at the range 4.625/4.65 per $1, by closing results of previous day 4.605/4.62.
•20 august
At DEPO-market UAH credit rates considerably increased
In the course of trading at the Ukrainian interbank foreign exchange market the US dollar after last sessions decrease begun suddenly be in demand among market participants, that favorably impacted its quotations against hryvnia. If at the opening of the trading quotations were fixed at the level of 4.59/4.61 and afterwards decreased to 4.59/4.60, and when active trading began the rate grew up to 4.605/4.63 per $1. At the moment of trade closing the rate decreased and amounted to 4.605/4.62, being 4.580/4.595 a day earlier. Other unexpectedness for market participants was the NBU currency intervention accomplishment, announced 40 min. before the session closing and in frames of which it purchased pounds sterling at the rate of 8,8784/£1. Evidently, the NBU was contacted by one or several large market operators which started with selling too late for interbank offer closing because at that time almost all market participants already closed their interest for currency purchasing/selling. After today’s intervention, the US dollar rate shall surely grow against hryvnia at tomorrow trading, but to what extent shall it grow depends on intervention volume performed today by the NBU.
•19 august
At DEPO-market overnight credit rates skyrocket
At Ukrainian interbank foreign exchange market the US dollar continued its decrease while its sale, caused by the need of tax liabilities repayment by economic entities, term of repayment elapses today and for certain other payments tomorrow. That’s probably why the NBU is not supporting the currency by accomplishment of currency interventions, as considers the situation as temporary and hopes for its stabilization after tax period completion. US currency rate against UAH fell today during the working day by 4.580/4. 595, while the session was opened at the level of 4.595/4.61 per $1.
•18 august
At Ukrainian interbank foreign exchange market the US currency strongly dropped in price against Hryvnia
At Ukrainian foreign exchange market the US currency has decreased considerably against Hryvnia, breaking the lower level within 4. 60/$1. Even at trading opening sellers pressing was felt, but the US dollar rate for some time remained fixed at the level 4.600/4.605, at which it decreased almost at once after the trading began, from the mark 4.605/4.615. A bit later the US dollar has dropped to 4. 5900/4. 5975 per $1. For the last time the US currency lost its positions to such minimums by the end of July. The US dollar rate was maintained today from further decrease by additional banks demand, which was stated within the range of 4. 59/4. 60, in terms to cover needs of own currency position.
•14 august
Today’s session at the Ukrainian interbank foreign exchange market went off according to previous two days scenario
Today’s session at the Ukrainian interbank foreign exchange market went off according to previous two days scenario. Trading was opened at 4.6210/4.6320, afterwards there was a little decrease to 4.61/4.622. After the closing of trading active phase, the US currency exchange rate increased to 4.62/4.65. Trading was closed at the mark of 4.6150/4.63. The major portion of deals was concluded today by market participants within the range of 4,62/4,625, with 4.170/4.6250 per $1 on Wednesday. In the afternoon, the National Bank of Ukraine entered the market with US currency purchase rate of UAH 4.77 per USD 1.
•13 august
UAH credit rates at DEPO-market increased to new upper limits
International foreign exchange market. Euro/dollar pair during the first half of the day tried to equalize by insignificant decrease of American currency. Strengthening of European currency was operated before issue of new Eurozone data on industrial production level. Rate did not change in month calculation and have decreased by 0.5 % in annual one. After data release, the US dollar began to rise in price.
•12 august
Trading session went off without significant changes at the Ukrainian interbank foreign exchange market
International foreign exchange market. Yesterday evening and today, the US dollar once again tried to win new “peaks” during Asian session. By today’s opening of European session, the pair euro/dollar dropped to a new half year low and almost attained the mark of 1.48 euro per 1 US dollar. The pound sterling dropped today to the level of USD 1,897 per GBP 1,000. The pair dollar/Swiss frank raised today to the mark of 1.0925 franks per 1 US dollar.
•11 august
Rates increase on interbank credits at DEPO-market
Forex market review for Monday. The US dollar “decided to take a little rest” after a sharp increase against practically all world currencies. Last week, the US currency reached its five months high against the euro and the Swiss frank, and its year and half high against the British pound sterling. Such an increase is stipulated by the publication of a series of macroeconomic indices on the US and European countries economies. The exchange rates are also greatly influenced by the comments of ECB’s and Fed’s representatives regarding the situation of world economy.
•8 august
At DEPO-market rates keep growing on interbank credits in UAH
At Ukranina interbank foreign exchange market after interventions that the NBU performed on Thursday, buying back pounds on the rate of 9,321/£1, situation is unchangeable and rate of US dollar was short-term and made up not more than 1,5 kop. It can be connected with the fact that information about intention to perform intervention the National Bank placed at its page in Reuters terminal not more than an hour before closing of trade session, and majority of banks just could not sell to the National Bank the surplus of currency.As a result the appetites of sellers were previous ones and kept causing pressure on the rate.
•7 august
Hryvnia keeps strengthening at Ukrainian interbank foreign exchange market
At Ukrainian interbank foreign exchange market UAH keeps strengthening. Sometimes at the market quantity of buyers was higher than those who want to sell it. Such ratio of “bulls” and “bears” did not change market tendency to the strengthening of Ukrainian currency. Session was opened today at the level of 4,63/4,64, with 4,63/4,65 on Wednesday. Some participants of Ukrainian interbank market due to UAH rate strengthening expected the announcement about intervention from the National Bank of Ukraine. But during the most active bids there were no news from the NBU. Rates of foreign currencies kept decreasing. Bids closed within range of 4,6250/4,65 per USD 1. Majority of bargains was concluded today by market participants lower than yesterday’s level 4,6250/4,6350, with 4,6270/4,6380 per $1 on Wednesday. In the afternoon the National Bank entered the market while buying of British pound of sterling with the rate of UAH 9,3210 per 1 pond.
•6 august
Hryvnia started strengthening again at Ukrainian interbank foreign exchange market
At Ukrainian interbank foreign exchange market UAH started strengthening again. Demand on currency was low today. Session opened today at the level 4,63/4,65, with yesterday’s 4,634,67. As a lot of participants went to market with sale of American currency with practically unchangeable demand — national currency of Ukraine slowly strengthened. Bids finished within the range of 4,6200/4,6320 per USD 1. Majority of bargains was concluded today by market participants lower than yesterday’s level 4,6270/4,6380, with 4,63/4,6450 per $1 on Tuesday.
•5 august
The DEPO-market decreased the rates for the interbank loans in hryvnias
The bidding on the Ukrainian interbank currency market was less active than the day before. Today the trade session opened at the level of 4,63/4,67, when those of yesterday were 4,60/4,66. When the big players appeared on the market at first the prices started growing — up to 4,64/4,68, and then there was a decrease to the level of 4,62/4,65. The bidding finished at the level of 4,6250/4,64 per 1 American dollar.
•4 august
The bidding on the Ukrainian interbank currency market do not have big changes
The bidding on the Ukrainian interbank currency market was held without any particular changes in comparison with the Friday session. Today the session was opened at the level of 4,60/4,66, while on Friday it was at the level of 4,62/4,66, and than trade range as the day before narrowed with the movement to the middle and was at the level of 4,635/4,650 per $ 1. At the moment of closing the session the rate of the US dollar stopped at the level of 4,62/4,65 against 4,62/4,67.
•1 august
US dollar slightly weakened its position against UAH at Ukrainian interbank foreign exchange market
International foreign exchange market. In the first Friday of each month there is published one of the most important macroeconomic indexes of USA economics — data on employment in non-agricultural sphere. Quantity of working places decreased in July on 51 000 places, when decrease of this indicator was forecasted on 75 000. The reaction of foreign exchange currency was ambiguous. First of all, American dollar sharply increased but in 10 minutes started decreasing. In 1 hour US dollar returned to rates that were before news issue.
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