USD/KZT at closing of the day - 138.05/09 (indicators)

22.12.99 00:00
/IRBIS, Dec.22, 99/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on December 22 tenge quotations towards U.S. dollar equaled 138.05/09 tenge per dollar. Compared to the results of the previous day tenge increased by 8 points against US dollar on demand and by 10 points on supply. In main (morning) session weighted average rate of the dollar with TOD terms equaled 138.25 (+0.13) tenge per dollar and closing quotations - 138.20/22. The dollar quotations at the closing of additional day session under the TOD accounts and at the closing f evening trades under the TOM and SPT accounts were absent. The situation in the interbank market was somewhat changed today in comparison with the last days. The dollar quotations begun to decrease at once after Exchange's trades closing. Such a tendency was been also observed during the second half of exchange trade. The speed of the dollar quotations reduction grew towards the day closing. The dollar rate stabilized only in the last trade hour. The spreads varied today from 3 to 5 points, remaining nearly yesterday's values. In the IRBIS' experts opinion, changes of the today's dollar quotations will affect the dealers behavior in the Thursday's interbank trades. Therefore tenge strengthening on KASE tomorrow looks rather probable. The market does not change remarkable. There are some only insignificant rates oscillations.