KASE Currency Trade Volume Grows by 25% in 4 Months of 2009
OREANDA-NEWS. May 06, 2009. In initial four months of 2009 currency trade volume on the Kazakhstan Stock Exchange (KASE), including currency swap transactions made up KZT3,698.7 bn. (USD26,570.7 m.) and grew against the corresponding period of 2008 by 25.0 % (by 8.2 % in dollar terms), reported the press-centre of KASE.
Trade volume reduced 2.5 times (2.9 times in dollar terms) as compared to the previous four month period (September - December 2008). Weighted average rate of tenge to dollar, calculated on all deals of the main (morning) trading session on KASE for the period 03.01.09 through 30.04.09, made up KZT138.60 a dollar, for all exchange deals - KZT137.61 a dollar.
Tenge devalued to the dollar according to a weighted average exchange rate this year by 95.57 % APR. In the initial four months the tenge devalued to the dollar by 24.71 % in nominal terms.
In 2008 the tenge devalued to the dollar by 0.41 % in nominal terms.
It is to be reminded in connection with the launch of currency swap transactions on December 29, 2008 KASE is using beginning January 1, 2009 on release of its trade statistics two indicators - trade volume (this is a new indicator showing consolidated gross-volume of deals) and exchange (calculated) turnover (this indicator is traditional and had been released before 2009).
On the currency market these indicators may differ at opening and/or closing of a currency swap transaction in the reporting period. At carrying out such transactions in the exchange market sector, specifically, opened for such purposes, trade volume shall include only volumes of opening deals of currency swap transactions (according to amount of attracted money). At calculation of exchange (calculated) turnover volumes shall be accounted (in tenge; with consequent re-calculation into dollars) for all executed opening and closing deals of such transactions; at that, only the deals falling onto the reporting period shall be taken into account.
KASE also is using the mentioned methodological method in regard of the trading statistics on repo transactions.
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