Financial news

The US dollar increased at the Ukrainian interbank foreign exchange market towards trade session closing

At the Ukrainian interbank foreign exchange market, the US dollar was traded today at even lower level than yesterday, but no fundamental prerequisites were expected for such decrease. Thus, it is connected as yesterday with speculative operations performed by major actors at the Ukrainian interbank market.

Us dollar trade opened today from the mark of 4.6950, but afterwards the rate decreased and the trade was within the limits of 4.67/4.71. The majority of transactions was performed today within the limits of 4.68/4.6950. The National Bank decided anew today not to enter the market nor to buy currency from the banks. By trade session closing, the US dollar increased a little in price, and its exchange rate amounted to 4.69/4.7050.

At the DEPO-market, from the very morning certain banks expected interest rates decrease towards the evening, that is why they tried to place their hryvnia resourses in the morning. Bank's balances at correspondent accounts grew insignificantly, but the rates remained at a high level — 19/22%.

By the end of the day, overnight credits decreased to 14.0/18.0%, with 17.0/22.0% a day earlier. Weighted average price on actually concluded transactions increased at that to 18.1% from 17.2% on Wednesday.  The volume of transactions by 17:00 KT amounted to UAH 2.54 billion with 2.65 billion according to yesterday's trading results.

Rates on credits for a period "from 2 to 7 days" are today within the range of 18.0/23.0%, with 17.0/22.0% a day earlier. Weighted average price on actually concluded transactions grew at this to 21.6%, from 19.5% a day earlier. Volumes of concluded transactions increased and amounted to UAH 149 million with 84.5 million according to Wednesday's results.

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

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