Turnovers on the money market in the week of 13 - 17 January 2014
In the week of 13 - 17 January 2014 a regular survey was conducted on the daily average turnovers on the money market. This survey is carried out by the Czech National Bank regularly four times a year – always in January, April, July and October.
As compared to October 2013 figures the daily average turnover of deposit operations increased from CZK 35.6 bln. to CZK 40.7 bln., which was driven mainly by growth (of 19 percent) in trades with non-residents. Their share on the total volume increased from 80 to 83 percent.
The most significant among deposit operations were those with the maturity up to 1 week (96 percent), in particular O/N operations comprising 82 percent share of the total turnover. The volume of repo operations went up in the surveyed period and their share on the total turnover rose from 1.4 to 2.85 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) doubled in comparison to October 2013 figures. The volume of FRAs (Forward Rate Agreement) reached six times higher level.