FINANS DAILY
"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands
at times of challenge and controversy." - Martin Luther King Jr.
FOREX MARKET
The EUR/USD exchange rate remained flat in the 1.2980-1.3040 range on Friday, as investors started to price in that the
ECB would raise rates by 25 bps in March. On Monday, the yen touched new record lows against the euro, as the Group of
Seven officials did not take position against yen's weakness, and this will only fuel the carry trades in the future. However,
the president of ECB, Jean-Claude Trichet decided to warned the markets on the risks of carry trades: �We want the markets
to be aware of the risks of one-way bets, in particular on the foreign exchange market ". By mid-European trading, investors
depreciated the euro as strong selling orders took the pair down to 1.2960 zone from 1.3000 level a bit earlier.
On February 9th, RON weakened slightly against the hard currencies, on back of expectations that the National Bank of
Romania will resort to cutting the monetary policy rate. Therefore, the single currency rallied up to 3.3850 zone, after
opening higher by 50 pips than previous closing levels, respectively at 3.3800 level.
On Monday, the domestic forex market opened at 3.3860 level and shortly after, the euro buying orders depreciated the
domestic currency. The National Bank decided to diminish the policy rate by 75 bps to 8% at its Board meeting on February
9th and to pursue an adequate control of liquidity via open market operations. The rate cut was determined by the latest
favourable evolution of macro-economical indicators, but also to curb the sudden appreciation of the Romanian currency. In
the first half of the forex session, the pair rose up to 3.3960 level, as some investors decided to take profits.
MONEY MARKET
The overnight interest rates are traded for 6-7.5% bids/asks on Monday, as the NBR is to hold its usual depo auction, while
the Minister of Finance will issue T-bills on 6M maturity. The MF plans to attract RON 100mln from the primary money
market on the multiple price criteria.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3852 |
0.0105 |
0.10% |
0.09% |
|
USD/RON |
2.6038 |
0.0058 |
1.41% |
1.26% |
|
GBP/RON |
5.0745 |
-0.0402 |
0.17% |
0.15% |
|
CHF/RON |
2.0819 |
0.0011 |
-1.48% |
-1.32% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.31% |
6.56% |
6.19% |
6.13% |
|
BUBOR |
7.52% |
7.97% |
8.13% |
8.16% |
|
LIBOR (EUR) |
3.56% |
3.61% |
3.94% |
4.10% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.40% |
5.40% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,963.78 |
0.41% |
|
BET-C |
5,573.74 |
0.05% |
|
BET-FI |
64,597.65 |
-0.12% |
|
RASDAQC |
2,760.08 |
1.00% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.06 |
-0.07% |
4.36 |
|
02-Jul-10 |
5.75% |
104.17 |
-0.16% |
4.38 |
|
06-May-12 |
6.50% |
118.65 |
-0.23% |
4.42 |
|
22-Jun-15 |
4 125% |
95.41 |
-0.49% |
4.80 |
|
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 |
YearHigh |
|
|
S&P500 |
1,318.03 |
-0.71% |
1,236.20 |
1,450.02 |
|
DJI |
12,580.83 |
-0.45% |
12,637.63 |
12,673.68 |
|
NASDAQ |
2,459.82 |
-1.16% |
2,415.29 |
2,502.82 |
|
XETRADAX |
6,879.95 |
-0.48% |
6,678.93 |
6,913.60 |
|
NIKKEI 225 |
17,504.33 |
0.00% |
14,500.26 |
17,547.11 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3002 |
-0.05% |
|
GBP/USD |
1.9499 |
-0.06% |
|
USD/CHF |
1.2488 |
-0.01% |
|
USD/SEK |
7.0076 |
0.36% |
|
USD/JPY |
121.87 |
0.49% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2910 |
Res. 1 |
1.2980 |
|
Sup. 2 |
1.2870 |
Res. 2 |
1.3070 |
|
Sup. 3 |
1.2800 |
Res. 3 |
1.3120 |
|
Sup. 4 |
1.2750 |
Res. 4 |
1.3180 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
664.6 |
0.88% |
|
SILVER |
13.8 |
0.15% |
|
OIL (BRENT) |
57.52 |
-0.05% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
4.25% |
4.50% |
4.75% |
5.00% |
5.50% |
USD 1,000 |
|
EUR |
0.50% |
3.50% |
4.00% |
4.25% |
4.50% |
5.00% |
EUR 1,000 |
|
RON |
3.00% |
7.5% |
8.0% |
8.0% |
8.00% |
8.50% |
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.