USD/KZT at the day closing - 139.70/76 (indicators)

/IRBIS, Nov.11, 99/ - According to REUTERS, at the moment of closing of Kazakhstan's OTC-market on November 11 tenge/dollar quotations have made 139.70/76 tenge per dollar at the average weighted exchange rate of 139.45 (-0.47) and session closing quotations of 139.76/82. By the dealers interbank quotations, tenge as against of the previous day closing decreased by 1 point on demand and increased by 3 points on supply. As against exchange trades, where the dollar rate unidirectional rose during the session, fluctuations of the interbank market quotations were less active. They did not exceed five points. Tenge increase was observed only by the day ending and only on the dollar supply. The spreads varied today from 2 to 20 points at average 12. Their decrease began after dinner and at the moment of market closing the spreads varied from 2 to 6 points. The rates of the overnight interbank deposits varied today from 12/27% at the morning to 5/12% p.a. At 6:00 p.m. Almaty time the price of short money was established at 6/12% p.a. In the repo sector the banks of the second tier attracted money for 6 days under 12% p.a. In the dealers opinion, that growth of the short money price was stipulated first of all by failures in work of Interbanc Settlements Center of Kazakhstan, which recently works not so operatively. In result the banks can not receive money in time and are obliged to look for it. Analyzing results of the dealers interrogation, IRBIS's experts are inclined to expect small dollar strengthening on KASE on Friday. Except for an objective parameters of day closing and dollar market rates, it is necessary to take into account, that day off in USA did not promote active buying of dollars by banks of the second tier (all payments under USD exchange trades are executed through the U.S. banks). The same factor will not allow the exporters to offer on tomorrow's trades USD proceeds. The cancellation of the notes auction has resulted today in appearance of additional tenges. And the Thursday's and Friday's State Securities redemption are capable to increase this amount.