Turnovers on the money market in the week of 17 - 21 January 2011
In the week of 17 - 21 January 2011 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 2010 figures the daily average turnover of deposit operations increased from CZK 58.6 bln. to CZK 63.9 bln., which was driven mainly by increase in O/N trades among non-residents.
The most significant among deposit operations were those with the maturity up to 1 week (98.2 percent), in particular O/N operations comprising 85.8 percent share of the total turnover. The turnover of repo operations went down when their share on the total turnover decreased from 4 to 2.7 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) and FRAs (Forward Rate Agreement) grew compared to the last survey. The volume traded on IRS and FRA increased by 64 resp. 45 procent. The share of the volume traded with non-residents on the total grew from 74 to 90 percent.