Financial news

Foreign exchange market review for 18.12.2007

At Ukrainian interbank foreign exchange market demand and offer on US dollars keep being at the balance. During a day bids were "locked" at narrow trade range — 5,05/5,06 per $1. While bids opening some sales were at the level 5,06-5,067, but it is unlikely that today bargains were concluded higher than mark in 5,06. At the first part of bids offer prevailed a little bit that reflected in quotations decrease by the level 5,050/5,053. However, later rate was renewed and grew by the mark 5,055/5,060, at 5,050/5,057 (while bids closing a day before).

Majority of bargains was concluded today at the range 5,052/5,056, at 5,059/5,063 on bids on Monday.

National Bank did not participate in bids.

At DEPO-market state of affairs with resources in national currency remains practically unchangeable.

Rates on "overnight" credits as on Monday fluctuate at the range 4,0/8,0%. Majority of bargains was concluded today within 4,5/6,5%. Average "overnight" rate in concluded bargains by 17:00 КТ constitutes 5,1%, at 5,2% in accordance with bids results on Monday. Volume of concluded bargains by this time constituted UAH 2,24 b., at 3,05 b. on Monday.

Rates on credits for the term «from 2 to 7 days» decreased today and vary within 6,0/8,0%, at 6,0/9,0% a day before. Average price decreased on 0,2%, by 6,8% of annuals. Concluded bargains volume increased and constituted 363 m., at 211 m. in accordance with bids results on Monday.

Trade range on credits for the term «from 22 to 31 days» is today at the range 10/12%, at 8,0/12,0%.

Today during bids, rates on interbank credits in US dollars decreased again and constituted 5,0/7,0-8,0%, at 6,0/8,0% a day before. Probably, decrease of resources cost is connected with measures taken by central bank of leading countries of the world for market liquidity increase.

Comments of KRAMAROVA S.N., Head of Treasury 

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