Turnovers on the money market in the week of 24-28 April 2006
In the week of 24-28 April 2006 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 twice a year with participation of all relevant banks dealing on the Czech money market.
As compared with October 2005 figures the daily average turnover increased from CZK 46.2 bln. to CZK 52.3 bln. thus reaching the comparable level with the April 2005 figures (CZK 52.8 bln.). This increase was related mainly to the increase of the deposit operations with residents with the maturity up to three months, of which the traded volume went up by almost 20 %. On the whole, traded volume of the deposit operations with the maturity up to 3 months increased by 13.5 %. Traded volume of other instruments showed high relative changes as compared with the last survey which was caused by their small absolute volume.
The most significant on the money market are still deposit operations with the maturity up to 3 months comprising almost 98 % share of the total turnover. Other instruments are used rarely. In particular, volume of repo trades remains very low (CZK 80 mio.).