|
"Choose well. Your choice is brief, and yet endless." - Goethe
FOREX MARKET
The EUR/USD ended the week in a tight range of less than 30 pips, as most European countries are
celebrating Easter. On Monday, the EUR started in force, as the quotes soared from 1.2100 area until 1.2200,
signaling a rebound of EUR, despite the large interest rate differentials between the two currencies. We set the
support at 1.2090 level, while 1.2220 resistance is expected to hold up today, as we see the European currency
strengthening gradually in the next days.
On April 14th, the EUR/RON climbed until 3.4960 level, however it could not withstand there and dropped to
3.4840 zone, due to the Orthodox Easter remittances poured into the country by the Romanians working
abroad. The domestic currency started the week by testing the strong support at 3.4800 which is likely to be
broken the days to come. However, I expect the 3.4650 level to hold on this week, as the holiday occasional
euro sell-off might be counteracted by the purchases of importers. The fast growing pace of the imports might
put downward pressure on the domestic currency and smoothen its appreciation based on increasing foreign
inflows driven by the EU ascension.
MONEY MARKET
The overnight interest rates recovered back to 8-9% level, as the NBR is holding depo auction today.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4958 |
0.0043 |
-5.28% |
-4.11% |
|
USD/RON |
2.8879 |
0.0050 |
-7.32% |
-5.71% |
|
GBP/RON |
5.0576 |
0.0055 |
-5.65% |
-4.40% |
|
CHF/RON |
2.2242 |
0.0014 |
-5.23% |
-4.07% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.42% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.53% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.61% |
2.64% |
2.91% |
3.18% |
|
LIBOR (USD) |
4.82% |
4.91% |
5.22% |
5.36% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,508.21 |
0.83% |
|
BET-C |
4,543.88 |
0.31% |
|
BET-FI |
46,038.02 |
0.39% |
|
RASDAQC |
1,719.95 |
0.30% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.85 |
0.00% |
3.88 |
|
02-Jul-10 |
5.75% |
105.92 |
0.00% |
4.17 |
|
06-May-12 |
6.50% |
122.07 |
0.00% |
4.28 |
|
22-Jun-15 |
4.125% |
95.06 |
0.00% |
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 |
Year High |
|
|
S&P500 |
1,289.12 |
0.00% |
1,176.84 |
1,311.56 |
|
DJI |
11,137.65 |
0.00% |
11,089.63 |
11,239.55 |
|
NASDAQ |
2,326.11 |
0.00% |
2,249.72 |
2,361.17 |
|
XETRADAX |
5,918.57 |
0.00% |
5,890.63 |
6,031.39 |
|
NIKKEI 225 |
17,000.36 |
-1.35% |
12,413.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2173 |
0.64% |
|
GBP/USD |
1.7581 |
0.37% |
|
USD/CHF |
1.2911 |
-0.57% |
|
USD/SEK |
7.6425 |
-0.65% |
|
USD/JPY |
118.23 |
-0.35% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2070 |
Res. 1 |
1.2230 |
|
Sup. 2 |
1.2030 |
Res. 2 |
1.2330 |
|
Sup. 3 |
1.1980 |
Res. 3 |
1.2355 |
|
Sup. 4 |
1.1950 |
Res. 4 |
1.2400 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
605.6 |
1.08% |
|
SILVER |
13.3 |
3.02% |
|
OIL (BRENT) |
69.23 |
-0.45% |
|
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.