|
"Ask a question and you're a fool for three minutes; do not ask a question and you're a fool for the rest of your life." -
Chinese proverb
FOREX MARKET
Yesterday, we witnessed a strong rally of the European currency against the dollar, as the pair broke the 1.2150
resistance and pushed further until 1.2170 level. The movement might have been triggered by Trichet ᑺs hawkish
comments that the market knows the ECB is "very, very serious" in preserving price stability. Looking ahead, it is
vital for EURUSD to keep its recent gains and not to repeat the pattern we have got so used lately.
Moody's reaffirmed Romania's sovereign rating at Ba1, which is considered rather low from EU ascension
prospects. The rating outlook is positive, but continues to be constrained by the inconsistent macroeconomical policy
conducted by Romania.
The Romanian currency marked some gains yesterday, on back of EUR selling orders coming from the commercial
clients. The pair strengthened until 3.5120, the most, but the 3.5200 level was seen most of the trading session.
Today, the opening bids stood at 3.5140 and remained in the same area until noon in calm trading, ranging less than
50 pips. We expect that the RON will recover in the weeks to come, due to the incomes repatriation of Romanians ᑺ
working abroad specific for the Easter holidays.
MONEY MARKET
The overnight interest rates stay in the 8-9% area on Friday, maintaining at the same levels the whole week due to the
low liquidity of the Romanian market.
Starting March 23rd, Finansbank has hiked again its interest rates, offering for several maturities the best yields in
the market both for RON and EUR deposits.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5258 |
-0.0042 |
-4.47% |
-3.60% |
|
USD/RON |
2.9203 |
-0.0215 |
-6.28% |
-5.07% |
|
GBP/RON |
5.0775 |
-0.0347 |
-5.28% |
-4.26% |
|
CHF/RON |
2.2377 |
-0.0054 |
-5.23% |
-4.22% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.40% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.63% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.60% |
2.65% |
2.97% |
3.22% |
|
LIBOR (USD) |
4.79% |
4.82% |
5.12% |
5.25% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,515.69 |
-0.79% |
|
BET-C |
4,463.46 |
-1.07% |
|
BET-FI |
45,876.67 |
0.83% |
|
RASDAQC |
1,713.98 |
-0.60% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
114.32 |
-0.05% |
3.78 |
|
02-Jul-10 |
5.75% |
106.63 |
-0.06% |
4.01 |
|
06-May-12 |
6.50% |
123.23 |
-0.11% |
4.10 |
|
22-Jun-15 |
4.125% |
96.50 |
-0.08% |
4.59 |
|
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% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,300.25 |
-0.20% |
1,176.84 |
1,307.25 |
|
DJI |
11,150.70 |
-0.58% |
11,154.54 |
11,317.43 |
|
NASDAQ |
2,340.82 |
0.13% |
2,239.81 |
2,315.58 |
|
XETRADAX |
5,984.19 |
1.17% |
5,673.36 |
5,973.14 |
|
NIKKEI 225 |
17,059.66 |
0.08% |
12,273.12 |
17,045.34 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2132 |
0.70% |
|
GBP/USD |
1.7409 |
0.23% |
|
USD/CHF |
1.3010 |
-0.48% |
|
USD/SEK |
7.7438 |
-1.00% |
|
USD/JPY |
117.46 |
-0.24% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2100 |
Res. 1 |
1.2190 |
|
Sup. 2 |
1.1980 |
Res. 2 |
1.2220 |
|
Sup. 3 |
1.1950 |
Res. 3 |
1.2320 |
|
Sup. 4 |
1.1860 |
Res. 4 |
1.2460 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
587 |
2.04% |
|
SILVER |
11.82 |
5.35% |
|
OIL (BRENT) |
66.19 |
1.64% |
|
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% |
3.25% |
3.75% |
4.25% |
4.50% |
4.50% |
EUR 1,000 |
|
RON |
2.00% |
6.5% |
7.5% |
7.5% |
7.75% |
8.00% |
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.