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FINANS DAILY |
TREASURY DIVISION
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October 11, 2005 |
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"My formula for success is rise early, work late, and strike oil." - J. Paul Getty
FOREX MARKET
During Mondays session, the USD enforced against the euro as the EUR/USD has been unable to climb
further after the impulsive gains from last week. The exchange rate fell to 1.2037, the lowest, giving way for
further depreciation. This morning, the pair dropped until 1.2020, however it is unlikely that the dollar will
break the strong 1.2000 support level today.
As last week the clients opened long positions on euro, this week the situation might change in RONs favor.
On Tuesday, the trading session started at 3.5930, then the exchange rate fell until 3.5800. By noon, the
EUR/RON found stability around 3.5950 level, however it is hardly probable that the pair would erode the
3.6000 level.
MONEY MARKET
On Friday, there were extremely low volumes on the local money market, as the new deals reached only RON
78mln. Inter-bank transactions have decreased as the market interest rates stand below the 1% offered for the
facility deposits at NBR and as the commercial banks are fed up with RON's. On October 11th, the ON
interest rates remained at 0.5-1.5% on the inter-bank market, while for the monthly tenors the yields stand at
1.5-5.5%.
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Domestic Markets Foreign Exchange Rates
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|
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NBR
|
Daily Change
|
Date(%)
|
Annualized
|
|
EUR/RON
|
3.5966
|
0.0100
|
-9.32%
|
-11.82%
|
|
USD/RON
|
2.9642
|
0.0126
|
1.54%
|
1.99%
|
|
GBP/RON
|
5.2132
|
-0.0120
|
-7.09%
|
-9.01%
|
|
CHF/RON
|
2 3214
|
0.0050
|
-9.68%
|
-12.27%
|
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Interbank Market Interest Rates (%)
|
|
|
ON
|
1M
|
6M
|
12M
|
|
BUBID
|
0.68%
|
1.69%
|
2.92%
|
3.18%
|
|
BUBOR
|
2.17%
|
5.92%
|
6.76%
|
6.91%
|
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LIBOR (EUR)
|
1.99%
|
2.12%
|
2.25%
|
2.37%
|
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LIBOR (USD)
|
3.78%
|
3.94%
|
4.30%
|
4.52%
|
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Romanian Equities
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|
|
Last
|
Daily (%)
|
|
BET
|
6,292.28
|
0.87%
|
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BET-C
|
3,794.64
|
0.53%
|
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BET-FI
|
35,438.64
|
0.85%
|
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RASDAQC
|
1,709.26
|
0.08%
|
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Romanian Bonds
|
|
Maturity
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Cudoii
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Price
|
Daily (%)
|
Yield
|
|
10-Nov-05
|
11.50%
|
100.43
|
-0.02%
|
5.12
|
|
27-Jun-08
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10.63%
|
119.77
|
0.00%
|
2.89
|
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02-Jul-10
|
5.75%
|
111.09
|
0.05%
|
3.17
|
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06-May-12
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6.50%
|
129.62
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-0.18%
|
3.38
|
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22-Jun-15
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4.125%
|
100.60
|
0.18%
|
4.04
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Romanian State Government Bonds and T-Bills |
|
Latest issues
|
Auction Date
|
Issue Date
|
Maturity Date
|
Avg. Yield
|
|
RO0508DBNI22
|
01 August 2005
|
03 August 2005
|
03 August 2008
|
7.60%
|
|
RO0510DBNI36
|
08 August 2005
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10 August 2005
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10 August 2010
|
7.48%
|
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RO0515DBN143
|
15 August 2005
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17 August 2005
|
17 August 2015
|
7.49%
|
|
RO0508DBN155
|
15 September 2005
|
19 September 2005
|
19 September 2008
|
7.60%
|
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RO0505CTN031
|
20 September 2005
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22 September 2005
|
22 December 2005
|
5.33%
|
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International Equities
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|
|
Last
|
Daily Change
|
Year Low
|
Year High
|
|
S&P500
|
1,151.74
|
-0.72%
|
1,137.50
|
1,245.04
|
|
DJI
|
10,238.76
|
-0.52%
|
10,287.10
|
10,568.70
|
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NASDAQ
|
2,078.92
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-0.55%
|
2,084.08
|
2,182.83
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XETRADAX
|
5,022.79
|
0.30%
|
4,839.41
|
5,138.02
|
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NIKKEI 225
|
13,556.71
|
2.49%
|
10,825.39
|
13,738.84
|
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International Market Exchange Rates
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CURRENCY
|
Latest
|
Daily Change
|
|
EUR/USD
|
1.2016
|
-1.00%
|
|
GBP/USD
|
1.7481
|
-0.76%
|
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USD/CHF
|
1.2883
|
0.81%
|
|
USD/SEK
|
7.7635
|
0.88%
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USD/JPY
|
114.11
|
0.41%
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|
EUR/USD trading rate
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|
Support
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|
Resistance
|
|
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Sup. 1
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1.2010
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Res. 1
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1.2100
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Sup. 2
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1.1980
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Res. 2
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1.2210
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Sup. 3
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1.1950
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Res. 3
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1.2270
|
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Sup. 4
|
1.1900
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Res. 4
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1.2310
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Commodities
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|
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Latest
|
Daily (%)
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GOLD
|
477.1
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0.46%
|
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SILVER
|
7.79
|
0.52%
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OIL (BRENT)
|
56.43
|
-0.27%
|
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Interest Rates for Time Deposits of Finansbank (Romania) SA
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|
|
1WK
|
1M
|
3M
|
6M
|
9M
|
12M
|
Minimum Amount
|
|
USD
|
0.50%
|
3.00%
|
3.50%
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4.25%
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###
|
4.50%
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USD 1,000
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|
EUR
|
0.50%
|
3.00%
|
3.50%
|
4.00%
|
###
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4.25%
|
EUR 1,000
|
|
RON
|
0.50%
|
4.0%
|
4.5%
|
5.0%
|
5.0%
|
5.50%
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RON 2,000
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Released by FINANSBANK Romania S.A.,
Splaiul Unirii no.12, Bl. B6 040034, Bucharest. For further information
please contact Melania Hancila Treasury & Capital Markets Division, Phone 301 73 42, Fax 318 09 61.
Disclaimer: This report does not represent an investment advice and should not be
construed as a recommendation to invest in any kind of investment vehicle. The information
in the report is based on sources available to the public and believed to be reliable, and there is no claim that is
accurate or complete. Thereafter this information can be changed without notice.
Publicat de FINANSBANK Romania S.A., Splaiul Unirii nr.12, Bl. B6 040034, Bucuresti. Pentru mai multe informatii si
intrebari, va rugam contactati Departamentul Trezorerie si Piete de
capital - Melania Hancila, Telefon: 301 73 42, Fax: 318 09 61.
Acest
buletin are scop informativ si nu reprezinta un sfat sau recomandare de a investi in nici un tip de instrument. Informatiile care stau la baza acestui raport
zilnic au o sursa publica, considerata sigura insa, nu sustinem ca este completa.
Astfel ca informatiile publicate mai sus se pot schimba fara un anunt prealabil.
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