Turnovers on the money market in the week of 16 - 20 July 2012
In the week of 16 - 20 July 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 April 2012 figures the daily average turnover of deposit operations decreased from CZK 52.8 bln. to CZK 38.6 bln., which was driven mainly by decrease in trades with the maturity up to one week with non-residents.
The most significant among deposit operations were those with the maturity up to 1 week (98 percent), in particular O/N operations comprising 92 percent share of the total turnover. The repo operations went also down and their share on the total turnover decreased from 10 to 6.1 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) jumped by 500 percent in comparison to April 2012 figures and reached the highest volume from the beginning of monitoring in the 2007. This was caused mainly by the increase in trades with non-residents. FRAs (Forward Rate Agreement) were not traded at all.