USD/KZT at closing of the day - 138.18/28 (indicators)

10.12.99 00:00
/IRBIS, Dec.10, 99/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on December 03 tenge quotations towards US dollar equaled 138.18/28 tenge per dollar. Compared to the results of the previous day tenge increased by 8 points on demand against US dollar and by 4 points on supply. On the main (morning) session weighted average rate of the dollar with TOD terms equaled 138.24 (-0.07) tenge per dollar and closing quotations of 138.25/26. The evening TOM and SPT trades were unproductive. The dollar quotation in the interbank market testifies today to the dollar rate decreasing, especially on demand. By the day closing the dollar started to grow On supply. The spreads have increase by the evening to 10 points from 2-3 during the day. Most likely it will be no essential changes in the next week. Most probable, the exporters proceeds will be traded on KASE. By the today's trades, the banks' of the second tier demand was rather low and could to compensate a supply. The market is quite equilibrium.