USD/KZT at closing of the day - 139.32/39 (indicators)

/IRBIS, Jan.25, 00/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on January 25 tenge quotations towards US dollar equaled 139.32/39 tenge per dollar. Compared to the results of the previous day tenge gained 11 points against US dollar on demand and 8 points on supply. In main (morning) session weighted average rate of the dollar with TOD terms equaled 139.48 (+0.03) tenge per dollar and closing quotations - 139.48/49. At closing of additional day session with TOD terms (3:00PM Almaty time) dollar quotations were at 139.42/46 tenge per dollar. In the evening trades with TOM and SPT terms dollar was not quoted. Today dollar quotations in interbank market showed a quite explicit growth of tenge. This process went on till the very end of the day. Maximum of spreads was fixed at the last hours of the market at 6-7 points. The minimum spread did not exceed 2 points at that. In dealers' opinion, in current situation interbank market is more attractive than the trades at the Exchange. Dealers note most of foreign currency turnover left the trade floor. Interbank market is liquid, there is a supply of dollars. But it is not so active to exceed the demand. The banks have sufficient free funds. An equilibrium is being observed in the market, therefore, dealers do not expect significant USD exchange rate fluctuations in this week. IRBIS specialists do not expect serious changes in the exchange rate of the dollar at KASE trades on Wednesday. Tenge has equal chances of firming and loosing some points.