Financial news

At DEPO-market rates keep high positions

At Ukrainian inter-bank foreign exchange market, the US dollar rate still keeps decreasing against the hryvnia. Today, the exchange rate amounts to 4,95/4,97 against 4,93/4,94 at the opening and 4,9450/4,9650 a day earlier.

The majority of transactions were concluded today by market participants within the range of 4,9500/4,9650, with 4,9550/4,98 on Monday. Trading was closed at 4,96 mark, with 4,9500/4,9650 on Thursday.

At DEPO-market, rates from the very morning kept high positions in the same way as yesterday. In the morning, banks attracted resources at the rate of 25-28%. Significant decrease of balances at correspondent accounts with Ukrainian banks could be a signal to this "panic situation". But towards the evening, the market became a bit more stable and the rates somewhat decreased — up to the level of 22-26%. Average weighted price of concluded transactions by 17:00 KT amounted to 22,8% in comparison with 20,3% on the previous day. The volume of concluded transactions decreased today to UAH 2,565 billion, with 3,763 billion according to bids results on Friday.

Credit rates for a period "from 2 to 7 days" also kept increasing today —  19,0/23,2%. Average price increased to 22,8%, с 18,4% according to bids results on Monday. Concluded transactions volumes increased and amounted to 270 million.

Credit rates for a period "from 22 to 31 days" on actually concluded transactions are today within the range of 19,8%, with 12,7% on the previous day.

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

[You can subscribe for Banks news]