Turnovers on the money market in the week of 16 - 20 January 2012
In the week of 16 - 20 January 2012 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 2011 figures the daily average turnover of deposit operations decreased from CZK 67.5 bln. to CZK 57.6 bln., which was driven mainly by decrease in trades with the maturity up to one week with nonresidents.
The most significant among deposit operations were those with the maturity up to 1 week (97.8 percent), in particular O/N operations comprising 82 percent share of the total turnover. The repo operations went up and their share on the total turnover increased from 3.7 to 7.3 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) was similar to that seen in October 2011 (growth by 2 percent). The volume traded on FRAs (Forward Rate Agreement) rose by 88 percent that was caused by growth in trades among residents.