In the first 11 months of 2003 volume of foreign exchange transactions at KASE reached $5,330.7 m and increased 2.1 times

/IRBIS, December 1, 03/ - In the first 11 months of 2003 total volume of foreign exchange transactions concluded at the Kazakhstan Stock Exchange (KASE) reached the equivalent of $5,330.7 m and increased by $2,780.4 m, or 2.1 times relative to corresponding period of the previous year. During the year 2002 foreign currency transactions volume at KASE was estimated by the equivalent of $2,980.7 m. Following is the table with the volumes of foreign exchange transactions at KASE in 2003 month by month. -------------------------------------------------------------- Total volume of trades, th. unit. Volume --------------------------- Volume, of equivalent, Month USD EUR RUR m KZT th. USD --------- ----------- ------- ------- --------- -------------- January 306,150 420 0 47,622.8 306,601.6 February 606,555 560 13,700 93,183.3 607,592.5 March 356,485 100 1,000 54,038.5 356,623.1 April 398,570 15 0 60,584.3 398,586.1 May 393,005 0 500 59,334.8 393,021.3 June 567,235 150 3,500 84,530.7 567,523.1 July 426,945 0 0 62,735.7 426,945.0 August 574,235 0 0 84,272.8 574,235.0 September 642,865 450 0 95,202.6 643,371.9 October 651,320 450 0 96,356.1 651,849.6 November 404,150 200 0 59,446.3 404,388.5 --------- ----------- ------- ------- --------- -------------- Total 5,327,515 2,345 18,700 797,308.0 5,330,737.6 -------------------------------------------------------------- Weighted average market rate of tenge to U.S. dollar, calculated based on the deals of the main session of the KASE for the period from January 1, 03 till November 30, 03, according to IRBIS estimates equaled to KZT149.49 per dollar. Devaluation rate of tenge to dollar in 2003 is estimated as of November 30 at negative 6.48% APR based on the rate of the Exchange. For the first 11 months, tenge strengthened against dollar by 5.92% in nominal expression. In 2002 tenge devaluation level in nominal expression was positive 3.26%. [2003-12-01]