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FINANS DAILY |
TREASURY DIVISION
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October 13, 2005 |
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"The optimist sees opportunity in every danger; the pessimist sees danger in every opportunity." - Sir Winston
Churchill
FOREX MARKET
On October 12th, the EUR/USD rally stopped in the 1.2050 area, as the dollar lost more than 100 pips. Today, the
players would be watching the US International Trade numbers, as the data may reveal the short term trend of the
market. The first resistance level is set at 1.2050, while the support stands around 1.1930. On Friday, there would be
released extremely important data regarding the US: CPI (Consumer Price Index), Retail Sales Numbers and the
University of Michigan Confidence.
On the local forex market, there was a rather quiet session yesterday, as the EUR/RON closed lower by 50 pips as
compared to the 3.5950 opening level. On Thursday, the EUR/RON was quoted at 3.5870 in the early trade and then the
euro was supported by substantial purchases coming from clients. The exchange rate climbed as high as 3.6220 by noon
and there is still way for further appreciation of the European currency vs. RON.
MONEY MARKET
Today, the NBR organized a CD auction for three-month tenors. The total offer coming from the commercial banks
reached RON 13.56bln, while the Central Bank submitted for only RON 5bln. The allocation ratio soared to 40.97%,
however the average yield sharply fell to 4.34%, as compared to 6.59% accepted rate for the previous CD auction. The
maximum accepted rate stood at 4.98%, while the minimum decreased to 2.99%. The average interest rate paid by bank
to their clients for three-month deposits stands at 5.5%, so most probably the commercial banks will decrease even more
the offered interest rates. The ON interest rates didn't suffer any change, so the average rates still remained at 0.5-1.5%.
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Domestic Markets Foreign Exchange Rates
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| �
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NBR
|
Daily Change
|
Date(%)
|
Annualized
|
|
EUR/RON
|
3.5906
|
-0.0050
|
-9.47%
|
-11.93%
|
|
USD/RON
|
2.9935
|
0.0079
|
2.71%
|
3.48%
|
|
GBP/RON
|
5.2261
|
-0.0149
|
-6.86%
|
-8.67%
|
|
CHF/RON
|
2.3204
|
-0.0020
|
-9.72%
|
-12.24%
|
|
Interbank Market Interest Rates (%)
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| �
|
ON
|
1M
|
6M
|
12M
|
|
BUBID
|
0.56%
|
1.75%
|
3.09%
|
3.38%
|
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BUBOR
|
2.19%
|
6.06%
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6.78%
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6.94%
|
|
LIBOR (EUR)
|
2.09%
|
2.12%
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2.25%
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2.38%
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LIBOR (USD)
|
3.80%
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3.94%
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4.32%
|
4.54%
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Romanian Equities
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| �
|
Last
|
Daily (%)
|
|
BET
|
6,420.20
|
0.28%
|
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BET-C
|
3,849.72
|
0.22%
|
|
BET-FI
|
36,055.27
|
0.66%
|
|
RASDAQC
|
1,696.01
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0.24%
|
|
Romanian Bonds
|
|
Maturity
|
Cudoii
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Price
|
Daily (%)
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Yield
|
|
10-Nov-05
|
11.50%
|
100.34
|
-0.02%
|
5.49
|
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27-Jun-08
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10.63%
|
119.34
|
0.00%
|
3.01
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02-Jul-10
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5.75%
|
110.81
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-0.16%
|
3.23
|
|
06-May-12
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6.50%
|
129.06
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-0.50%
|
3.46
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22-Jun-15
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4.125%
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99.69
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-0.67%
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4.16
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Romanian State Government Bonds and T-Bills
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|
Latest issues
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Auction Date
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Issue Date
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Maturity Date
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Avg. Yield
|
|
RO0508DBNI22
|
01 August 2005
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03 August 2005
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03 August 2008
|
7.60%
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RO0510DBNI36
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08 August 2005
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10 August 2005
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10 August 2010
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7.48%
|
|
RO0515DBN143
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15 August 2005
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17 August 2005
|
17 August 2015
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7.49%
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|
RO0508DBN155
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15 September 2005
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19 September 2005
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19 September 2008
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7.60%
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RO0505CTN031
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20 September 2005
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22 September 2005
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22 December 2005
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5.33%
|
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International Equities
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| �
|
Last
|
Daily Change
|
Year Low
|
Year High
|
|
S&P500
|
1,151.74
|
-0.61%
|
1,137.50
|
1,245.04
|
|
DJI
|
10,216.91
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-0.35%
|
10,238.76
|
10,568.70
|
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NASDAQ
|
2,037.47
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-1.15%
|
2,061.09
|
2,182.83
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XETRADAX
|
4,974.17
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0.18%
|
4,839.41
|
5,138.02
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NIKKEI 225
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13,449.24
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-0.11%
|
10,825.39
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13,738.84
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International Market Exchange Rates
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CURRENCY
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Latest
|
Daily Change
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EUR/USD
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1.1982
|
0.19%
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GBP/USD
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1.7456
|
0.26%
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USD/CHF
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1.2915
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-0.22%
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USD/SEK
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7.8199
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0.22%
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USD/JPY
|
114.82
|
0.16%
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EUR/USD trading rate
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|
Support
|
�
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Resistance
|
�
|
|
Sup. 1
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1.1930
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Res. 1
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1.2000
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Sup. 2
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1.1900
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Res. 2
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1.2050
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Sup. 3
|
1.1870
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Res. 3
|
1.2100
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Sup. 4
|
1.1800
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Res. 4
|
1.2150
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Commodities
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| �
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Latest
|
Daily ( %)
|
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GOLD
|
472.5
|
-1.15%
|
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SILVER
|
7.72
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-1.40%
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OIL (BRENT)
|
59.45
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3.36%
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Interest Rates for Time Deposits of Finansbank (Romania) SA
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| �
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1WK
|
1M
|
3M
|
6M
|
9M
|
12M
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Minimum Amount
|
|
USD
|
0.50%
|
3.00%
|
3.50%
|
4.25%
|
4.25%
|
4.50%
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USD 1,000
|
|
EUR
|
0.50%
|
3.00%
|
3.50%
|
4.00%
|
4.25%
|
4.25%
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EUR 1,000
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|
RON
|
0.50%
|
4.0%
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4.5%
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5.0%
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5.0%
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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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