Rate of the dollar at the Exchange falls as the supply from BST increases

/IRBIS, Apr.4, 00/ - Today the next morning trades in U.S. dollars, Deutsche marks and euros were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 17 banks participated in the trades. Today the trades in U.S. dollars opened at KZT142.02 per unit. Total of 51 deals were made. Weighted average dollar exchange rate equaled to KZT141.93 (-0.07) per unit. Volume of the session - $2.950 mln (+$2.340 mln). Exchange rate fluctuation during the trade - 0.09%. The trades were closed at KZT141.90/92 per dollar. Today, despite a close parity of demand and supply of dollars on the floor, the market was subtle only in downward moves. Sometimes sellers were able to take over the initiative shortly and lead the market by making each next deal at higher price. But a slight increase in the rate of the dollar was causing the supply to exceed demand, and the market was constantly going down further. As a result, downward trend of the cost of the American currency was vivid throughout the trades. In many respects such market conjuncture was due to the lack for free funds of the banks. Traders are waiting for the money that has to come after the repayment of SS and they are shortening their currency positions somewhat to maintain the liquidity. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at KZT141.89/92 per unit. Two hours later quotations did not change. In the day session of KASE with TOD payment terms at 12:30PM the dollar was asked for KZT141.91 per unit without any offer. Deutsche mark, morning session, TOD: 1 deal, price - KZT69.80 (-0.50) per unit, volume - DEM15 (+10) th. Closing quotations - KZT69.60/80 for mark. Euro, morning session, TOD: 1 deal, price - KZT135.53 (-1.87) per unit, volume - EUR50 (+40) th. Closing quotations - KZT135.60/70 for euro.