/IRBIS, Dinara Mukasheva, July 4, 08/ - Unicorn IFC JSC (Almaty) provided
IRBIS agency with prognosis, dated May 31, 2008 of dinamic of US dollar rate
growth to tenge, EURO to US dollar and LIBOR rates USD till the end of current
year:
-------------------------------------
LIBOR 12 USD/KZT EUR/USD
--------- -------- ------- -------
June 3.20 120.90 1.60
July 3.22 121.00 1.58
August 3.30 121.00 1.58
September 3.80 123.00 1.62
October 3.95 127.00 1.65
November 4.15 130.00 1.67
December 4.20 135.00 1.73
-------------------------------------
Prognosis of LIBOR rate USD
According to company's analysts, further decreasing of monetary market's rates
in USD is not in view. That's why taking narrow correlation of FRS rate and
LIBOR monetary market into account, changing of LIBOR are forecast in above
mentioned ranges till the end of current year.
Prognosis of USD/KZT rate
Unicorn IFC JSC considers that devaluation of KZT/USD is under the influence
of following factors:
- increasing of current account deficit to the level 7% from GDP;
- growing increasing of budget deficit;
- continuing worsening of tenge assets in bank sector.
Prognosis of EUR/USD rate
In case of stability of economic growth of Eurozone under the conditions of high
oil prices, increasing of European central Bank's rate should give additional
motivation for euro.
Unicorn IFC JSC - is managing company, providing the services of trusting
management on international stock markets, markets of Kazakhstan and
Russia and providing specialized strategies for solving of individual investment
tasks of client. In Kazakhstan was registered the opened shares investment
fund Unicorn-shares of Kazakhstan.
Unicorn IFC currently is the member of Kazakhstan Stock Exchange (KASE) of
"К", "Р" and "Н" categories.
Forecast of specialists of Unicorn IFC JSC is available on the web site of KASE
at:
- LIBOR rate USD at
http://www.kase.kz/files/mix/unic_libor_310508.pdf
- USD/KZT rate at
http://www.kase.kz/files/mix/unic_usd_310508.pdf
- EUR/USD rate at
http://www.kase.kz/files/mix/unic_eur_310508.pdf
[2008-07-04]