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.