USD/KZT at closing of the day - 139.39/43 (indicators)

28.01.00 00:00
/IRBIS, Jan.28, 00/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on January 28 tenge quotations towards US dollar equaled 139.39/43 tenge per dollar. Compared to the results of the previous day tenge lost 3 points against US dollar on demand and 4 points on supply. In main (morning) session weighted average rate of the dollar with TOD terms equaled 139.38 (-0.01) tenge per dollar and closing quotations - 139.37/38. At closing of additional day session with TOD terms (3:00PM Almaty time) dollar was quoted at 139.38/43 tenge per dollar. In the evening trades with TOM and SPT terms dollar was not quoted. Some growth in the demand price of the dollar in interbank market in the first hour after the session closed at KASE did not find any further support in dealers' quotations. Dollar quotations varied within 2 points both on demand and supply, and remained almost stable. It is interesting to note that quotations in REUTERS trade system did not change after 4:00PM of Almaty time. Most of the day variations of the spreads did not exceed 5 points. The balance is maintained in the currency market of the country. Proportion of demand and supply of dollars are about the same, which can be confirmed by traders' behaviors at the Exchange's trades, and also by the interbank market. Liquidity of the banks is also high. "Overnight" rates were unchanged today at 1/6 APR. The situation in currency trades would hardly change on the first trades of the next week. Fluctuations of the price of the dollar should not exceed those level that are observed lately. However, considering a slight inclination of the tenge towards weakening at the end of the day and significant repayment volume of SS on Friday, it can be assumed that tenge will rather lose some points than it may gain.