Statistics: weekly volume of transactions in foreign currencies at KASE - equivalent of $29.250 mln

/IRBIS, Feb.28, 00/ - During the ninth calendar week of the year 2000 (February 21 - 27) trades were held in U.S. dollars, Deutsche marks and euro with TOD, TOM and SPOT terms in foreign currencies trade sector of Kazakhstan Stock Exchange (KASE). Three trades were held daily: the morning (main, USD_TOD, DEM_TOD, EUR_TOD), day (additional USD_TOD, DEM_TOD, EUR_TOD) and evening (USD, DEM, EUR on TOM and SPOT terms). In U.S. dollars (hereafter corresponding figures for previous month are given in parentheses): 342 (321) deals were made for a total of $29,065 th. ($27,600 th.), including: - 243 (317) deals for a total of $17,125 th. ($25,600 th.) - on TOD terms; - 99 (4) deals for a total of $11,940 th. ($2,000 th.) - on TOM terms. Average volume of the trading day at KASE in U.S. dollars equaled $5,813 th. ($5,520 th.). When analyzing these data it should be kept in mind that due to the holiday in the USA on February 21 trades in U.S. dollars were held on TOM terms in the main session of KASE. Tenge devaluation against the U.S. dollar, calculated at weighted average rate of the Exchange on February 25 (only the morning session is taken into account), is estimated by a trend: - in short term (week) - 7.14% (3.44%) APR, - in mid term (last 30 days) - 6.3% (3.1%) APR, - in long term (from the beginning of this year) - 9.0% (9.2%) APR. Distinctive feature of the week is relative activation of the dealers at working with Deutsche marks and euros. In Deutsche marks 3 (0) deals were made for a total of 30 th. (0) marks. All deals were made on TOD terms in the main session of KASE. This week tenge devalued against the mark at average of 7.31% APR. In euros 6 (2) deals were made for a total of 170 th. (40 th.) units of the currency this week. As with the mark, all deals were made on TOD terms in the main session of KASE. This week tenge devalued against euro at average of 1.87% (-22.30%) APR. In general, weekly volume of the deals in foreign currencies at KASE is estimated at $29.250 mln ($27.640 mln) or KZT4,098.7 mln (KZT3,865.6 mln). On average - $5,850.0 mln ($5,527.9 mln) a day. From February 21 - 23 on interbank market daily volume of the deals between the banks-residents of Kazakhstan in U.S. dollars varied from $15,367.0 th. to $24,378.0 th.