USD/KZT at closing of the day - 138.05/12 (indicators)

/IRBIS, Dec.02, 99/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on December 02 tenge quotations towards US dollar equaled 138.05/12 tenge per dollar. Compared to the results of the previous day tenge remained unchanged on demand against US dollar and gained 3 points on supply. On main (morning) session weighted average rate of the dollar with TOD terms equaled 138.08 (+0.03) tenge per dollar and closing quotations - 138.06/16. At closing of an additional day session with TOD terms and evening trades with SPT terms USD was not quoted. At last hours before the closing of the market dollar quotations on interbank market showed a little firming of an American currency. Quotations did not exceed maximum levels noticed in the morning session of the Exchange though. Spreads reached 10 points at most, which is normal working levels of the market. Rates of interbank "overnight" deposits are at 3/8 APR. This is the lowest level after a decrease from 5/10 APR observed at noon. Judging by moves of the quotations in the second half of the day, no principal changes should occur at KASE. In IRBIS analysts' opinion, dollar has equal chances of gaining 10 points and loosing them. Probability of large volume of dollars showing up on the floor is high, and it is the volume of supply that affects the exchange rate dynamics.