USD exchange rate continues to climb at KASE with unshrinking demand from the banks of the second tier and their clients

/IRBIS, Sep.23, 99/ - The next trades with US dollar, Deutsche mark and Euro were held at KASE. 22 banks participated in the trades. Today the trades were opened with the US dollar at 135.53 tenge per unit of the currency, and immediately the dollar exchange rate soared due to a great demand from the buyers. As the trade continued, strengthening rate of the dollar gradually decreased, but it did not prevent the market to reach 137.63 tenge per dollar at 38th minute. Last 8 minutes of the session went in an equilibrium market: dollar was traded within 137.44-137.51 range. The trades were closed at - 137.45/50 189 deals were made with US dollars. Weighted average dollar exchange rate made 137.46 (+0.65). Volume of the session - $9.285 mln (-$1.490 mln). Exchange rate fluctuation during the trade was 0.42%. One hour after closing of the trades at over-the-counter market of Kazakhstan dollar was quoted at 137.54/69 tenge per unit of the currency. Two hours later - 137.50/70. Demand still prevails over supply in the market. There is no principal changes. Banks willingly buy the currency notwithstanding constant and fast growth of its price. 4 deals were made with Deutsche mark. Weighted average exchange rate - 73.60 (0) tenge per unit of the currency. Trade volume - DEM35 (+30 thousand) thousand. At closing of the session Deutsche mark was offered at 74.60 tenge per unit of the currency, with no demand existing. 1 deal was made with euro at 143.50 (+2.00) tenge per unit. Trade volume - EUR5 thousand (-5 thousand). At closing of the session euro was quoted at 143.60 (demand) tenge per unit.