In 7 months of 2009 currency trade volume falls 11.1 %, reaches KZT5.2 trln (USD36.4 bn)

/KASE, August 3, 09/ - In seven months of 2009 currency trade volume on Kazakhstan Stock Exchange (KASE), including currency swap transactions, reached KZT5,173.6 bn (USD36,370.6 m) and reduced against the same period of 2008 by 11.1 % (24.6 % in dollar terms). As compared with the previous seven-month period (June-December 2008) trade volume reduced 2.5 times (3.0 times in dollar terms). Below is the table of indicators of the currency market on KASE in 2009 with a breakdown on months, currencies and deal types, and comparative data for 2008. -------------------------------------------------------------------------------- Trade volume ----------------------------------------------- Exchange spot-market, turnover, --------------------- swap- total, total, ---------------- Year, market, bn m bn m month m USD m EUR m RUB m USD KZT USD KZT USD --------------- -------- ------ ----- -------- ------- -------- ------- -------- 2009, I 7,868.9 0.5 72.3 85.1 965.7 7,956.9 976.0 8,042.0 2009, II 8,853.5 2.4 20.7 767.7 1,378.1 9,624.9 1,492.9 10,392.5 2009, III 3,760.3 6.3 40.8 2,067.5 880.1 5,837.4 1,191.7 7,904.8 2009, IV 2,592.2 4.3 159.1 549.0 474.9 3,151.5 557.7 3,700.5 2009, V 1,838.5 61.5 91.6 322.5 337.9 2,247.8 386.4 2,570.3 2009, VI 2,139.9 71.3 0 657.1 435.6 2,897.0 534.4 3,554.1 2009, VII 3,277.5 73.3 0 1,274.0 701.3 4,655.1 893.3 5,929.1 --------------- -------- ------ ----- -------- ------- -------- ------- -------- Total 30,330.8 219.6 384.5 5,722.8 5,173.6 36,370.6 6,032.5 42,093.4 --------------- -------- ------ ----- -------- ------- -------- ------- -------- 2008, 48,242.9 6.9 322.1 - 5,816.4 48,267.1 5,816.4 48,267.1 I-VII Measure unit, % -37.1 >+3103 +19.4 Х -11.1 -24.6 +3.7 -12.8 -------------------------------------------------------------------------------- Weighted average rate of the tenge to the dollar, calculated on all deals of the main (morning) trade session of KASE in the period from 03.01.09 through 31.07.09, reached USD141.53 a dollar, on all exchange deals - KZT140.69 a dollar. The rate of devaluation of the tenge to the dollar on weighted average rate is estimated this year at 42.65 % APR. In the first seven months the level of devaluation of the tenge to the dollar in nominal terms reached 24.77 %. In 2008 the level of devaluation of the tenge to the dollar in nominal terms reached 0.41 %. In connection with the launch on December 29, 2008 of the currency swap transaction market KASE is applying beginning January 1, 2009 when releasing its trade statistics two indicators - trade volume (this indicator is new and shows the aggregate gross volume of deals) and exchange (calculated) turnover (this indicator is traditional and had been released till 2009). On the currency market these indicators may differ at opening and/or closing of currency swap transactions in the reporting period. At carrying out of such transactions on the exchange market, which was specifically launched for such purposes, trade volume shall include only volumes of deals of opening of currency swap transactions (according to sums of attracted money). At calculation of exchange (calculated) turnover only volumes (in tenge; with consequent recalculation to dollars) of all executed opening and closing deals shall be taken into account; at that only deals falling on the reporting period are taken into account. KASE is as well using the specified methodological approach regarding trading statistics on repo transactions. [2009-08-03]