Turnovers on the money market in the week of 15 - 19 July 2013
In the week of 15 - 19 July 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 April 2013 figures the daily average turnover of deposit operations increased from CZK 26.4 bln. to CZK 39.1 bln., which was driven mainly by growth (by 41 percent) in trades with the O/N maturity with non-residents. Their share on the total O/N volume raised from 83 to 85 percent.
The most significant among deposit operations were those with the maturity up to 1 week (98 percent), in particular O/N operations comprising 78 percent share of the total turnover. The volume of repo operations went down in the surveyed period and their share on the total turnover declined from 6.8 to 3.8 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) decreased by 51 percent in comparison to January 2013 figures. This was caused mainly by the decrease in trades with non-residents. The FRAs (Forward Rate Agreement) were not traded in the surveyed period at all.