|
"A lot of people become pessimists from financing optimists." - C. T. Jones
FOREX MARKET
On Monday, the euro boosted against the USD challenging the ultimate 1.1900 resistance, although there was
no news on possible weakening of the dollar. It seems that some of the major players on the forex
international market are pricing in some near term risk for the USD and we might see pretty soon a clear
reversal in the trend of EUR/USD. We should be very cautious, as the market seems rather bullish and US
Consumer Confidence number which is out today might influenced the EUR/USD exchange rate.
At the beginning of the week, the domestic currency gained some ground against the euro, as the Ron surplus
decreased significantly due to NBRs ample open money market operations. The EUR/RON dropped until
3.6470, the lowest as the commercial clients are also selling the euros for the month-end payments. On
November 29th, the Romanian forex market opened at 3.6510, then the pair tested the 3.6400 support and as
it couldn't erode it the exchange rate stabilized in the 3.6470-3.6500 area. According to the data supplied by
the NBR, the private companies must reimburse EUR 700mln in December, into the account of the loans
contracted from abroad. This represents a monthly historical high and might influence the EUR/RON
exchange rate on the upwards.
MONEY MARKET
Due to the latest NBRs withdrawals, the ON interest rates stay in the 5.5-7% area, the more so as the savings
of the population has been constantly discouraged by the real negative yields.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.6543 |
-0.0035 |
-7.87% |
-8.59% |
|
USD/RON |
3.1227 |
0.0123 |
7.01% |
7.71% |
|
GBP/RON |
5.3379 |
-0.0125 |
-4.86% |
-5.32% |
|
CHF/RON |
2 3629 |
-0.0013 |
-8.07% |
-8.81% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
5.72% |
5.28% |
4.75% |
4.81% |
|
BUBOR |
7.78% |
7.54% |
7.31% |
7.25% |
|
LIBOR (EUR) |
2.12% |
2.33% |
2.58% |
2.74% |
|
LIBOR (USD) |
4.05% |
4.22% |
4.58% |
4.75% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,779.05 |
1.75% |
|
BET-C |
4,027.06 |
1.54% |
|
BET-FI |
46,350.90 |
3.22% |
|
RASDAQC |
1,747.91 |
-0.81% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
117.88 |
-0.02% |
3.23 |
|
02-Jul-10 |
5.75% |
109.25 |
0.06% |
3.52 |
|
06-May-12 |
6.50% |
127.01 |
0.09% |
3.73 |
|
22-Jun-15 |
4.125% |
99.40 |
-0.16% |
3.96 |
|
Romanian State Government Bonds and T-Bills |
||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Avg. Yield |
|
RO0510DBNI36 |
08 August 2005 |
10 August 2005 |
10 August 2010 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
17 August 2005 |
17 August 2015 |
7.49% |
|
RO0508DBN155 |
15 September 2005 |
19 September 2005 |
19 September 2008 |
7.60% |
|
RO0505CTN031 |
20 September 2005 |
22 September 2005 |
22 December 2005 |
5.33% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,151.74 |
-0.85% |
1,137.50 |
1,265.61 |
|
DJI |
10,890.72 |
-0.37% |
10,720.22 |
10,931.62 |
|
NASDAQ |
2,239.37 |
-1.04% |
2,037.47 |
2,263.01 |
|
XETRADAX |
5,176.59 |
-0.34% |
2,090.75 |
5,196.08 |
|
NIKKEI 225 |
14,927.70 |
-0.40% |
10,825.39 |
14,986.94 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1828 |
1.19% |
|
GBP/USD |
1.7255 |
1.04% |
|
USD/CHF |
1.3084 |
-1.07% |
|
USD/SEK |
8.0037 |
-1.25% |
|
USD/JPY |
119.04 |
-0.68% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1800 |
Res. 1 |
1.1900 |
|
Sup. 2 |
1.1680 |
Res. 2 |
1.1920 |
|
Sup. 3 |
1.1640 |
Res. 3 |
1.1970 |
|
Sup. 4 |
1.1600 |
Res. 4 |
1.2000 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
498.5 |
0.04% |
|
SILVER |
8.29 |
0.61% |
|
OIL (BRENT) |
51.9 |
-0.46% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.00% |
3.50% |
4.25% |
4.25% |
4.50% |
USD 1,000 |
|
EUR |
0.50% |
3.00% |
3.50% |
4.00% |
4.25% |
4.25% |
EUR 1,000 |
|
RON |
0.50% |
4.0% |
4.5% |
5.0% |
5.0% |
5.50% |
RON 2,000 |
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.