USD/KZT at closing - 131.68 / 131.75 (indicators)

05.08.99 00:00
/IRBIS, 05.08.99/ - According to REUTERS, at closing, the Kazakhstan over- the-counter exchange market valued KZT per USD, at 131.68 (demand) / 131.75 (supply) with weighted average exchange price 131.74 (-0.02) and closing quotations 131.75 / 131.76. In comparison with closing of the previous day the quotations of the dealers have increased by 0.07 tenge per dollar - for demand, and by 0.10 tenge per dollar - for supply. After closing the trade the quotations of dollar in the interbank market varied about the average weighted market rate. The prices of demand were by 2-6 points (0.02-0.06 tenge) less, the prices of offer - by 2-7 points more, that allows to speak about stability. In comparison with the yesterday quoting in the REUTERS information system was carried out with less activity. The character of the "overnight" interbank quotations (1 demand against 1 offer) allow to judge that it is still enough of free money in the market. According to the IRBIS' analysts opinion, on Friday tenge rate may somewhat increase, but dollar also has chance to withstand competition thanks to the significant redemption of state securities and growing demand of the population for cash dollar.