Turnovers on the money market in the week of 14 - 18 January 2013
In the week of 14 - 18 January 2013 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 2012 figures the daily average turnover of deposit operations decreased from CZK 37.9 bln. to CZK 31.3 bln., which was driven mainly by decrease (-81 percent) in trades with the O/N maturity among residents. Their share on the total O/N volume dropped to 9 percent from the usual range of 35 - 40 percent.
The most significant among deposit operations were those with the maturity up to 1 week (97 percent), in particular O/N operations comprising 80 percent share of the total turnover. The repo operations went also down and their share on the total turnover decreased from 5.6 to 3.7 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) increased by 8 percent in comparison to October 2012 figures. This was caused mainly by the increase in trades with non-residents. The volume of FRAs (Forward Rate Agreement) has trippled (CZK 1940 mio) since the last survey when the whole volume was traded with non- residents.