USD/KZT at the day closing - 140,54/64 (indicators)

22.10.99 00:00
/IRBIS, Oct.22, 99/ - According to REUTERS, at the moment of October 22 Kazakhstan's OTC-market closing tenge/dollar quotations has made 140.54/64 tenge per dollar at the average weighted exchange rate of 140.56 (+0.04) and session closing quotations of 140.57/58. By the dealers interbank quotations, tenge as against of the previous day closing decreased by 2 points on demand and increased by 3 points on supply. The interbank dollar quotations after ending of exchange trades somewhat decreased at 4:00 p.m. than to some extent increased at the day closing. The spreads after dinner varied from 6 to 20 points, at average 10. Their values practically do not differ from yesterday's. At that, large part of a day the spreads were at the 10 points level. Quotations of the overnight annual interbank tenge deposits at the day closing made 2/8. The really short money on KASE traded today at the level of 6.0 and 13.5 APR for 4 and10 days accordingly. More than 3.5 billion tenges State Securities redemption has supported today banks liquidity but did not cause the dollar rate growth. Three auctions of the week have shown, that the investors are actively bought the National Bank notes, which managed to attract about 2.4 billion tenges. As a whole on the exchange market within this day there was unusual for the last time dollar demand and supply balance. From this the IRBIS forecast follows: during the first trades of the next week tenge has equal chances both to become stronger, and to lose some points. There are no factors today capable to change a conjuncture.