Financial news

The decreasing dynamics of USD rate against UAH is maintained on Ukrainian interbank foreign exchange market

The decreasing dynamics of USD rate against UAH is maintained on Ukrainian interbank foreign exchange market, it started from the day of last the NBU intervention operated on 15 July, 2008 when the NBU was purchasing USD at rate of 4, 75/$1.

Bids were opened today at 4, 59/4, 61, and at the closing decreased to 4, 580/4,595 for $1, at 4, 58/4, 62 on Friday trading. Most part of deals was arranged today by the participants of the market at the rate of 4,585/4, 60, at 4, 60/4, 61 per $1 one day before. Today the NBU didn't participate at trading, but, depending on USD rate dynamics, can reopen its interventions in nearest 1-2 sessions.

On DEPO-market rates changed insignificantly after previous day growth, related to balances reduction on correspondent accounts of commercial banks in the NBU, and smaller offer on transition report date — from 20 to 21 July.

Dynamics of "overnight" in UAH is registered today in range of 2, 0/ 5%, that corresponds to the level of previous bids. Average weighted price by 17:00 KT grew up to 3, 7%, from 3, 5% as per Friday's results.  Volume of transactions by 17:00 KT amounted to 2, 96 billions, in comparison with 4, 27 billions of Friday's session results.  

Crediting rates "from 2 till 7 days" are fixed at 7, 0/10, 0%, being 5/15, 0% the day before. Average weighted price for actual arranged deals didn't change and constitutes 8% per annum. The volume of granted credits decreased on Friday from 285 millions to 178 millions

Crediting rates "from 22 till 31 days" are established today at the range of 12, 5/18, 0, being 12, 5/15, 0% on Friday's bidding.

Comments by S.N. Kramarova, PRAVEX-BANK Treasury Director 

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