USD/KZT at closing of the day - 131.62 / 131.70 (indicators)

24.08.99 00:00
/IRBIS, Aug.24, 99/ - According to REUTERS, at closing of over-the-counter foreign exchange market of Kazakhstan on August 23 tenge quotations towards US dollar have made 131.62 (demand) / 131.70 (supply) tenge per dollar with the weighted average Exchange's price of 131.57 (-0.03) and the quotes at closing of the Exchange's session of 131.63 / 131.64. Based on dealers' over-the-counter market quotations, tenge gained 1 point against American currency on demand and remained stable on supply. At the end of the day dollar price was higher the weighted average on demand by 5 points, and on supply by 13 points. Spreads on the over-the-counter market varied from 1 to 10 points, 6 points on average. They do not differ much from the spreads of previous days. After the trades at the Exchange dollar quotations did not show any trends while zigzagging a little above the closing rate of KASE. Passive quotation work of the banks is worth mentioning today. Tonight quotations for interbank "overnight" tenge deposits were fixed at 1 APR on demand and 7 APR on offer. In general, stagnation and stability exist on the over-the-counter market. Tomorrow one can hardly expect significant changes in exchange rate dynamics.