April 2023

Turnovers on the money market in the week of 17 - 21 April 2023

The survey on the daily average turnovers on the money market is carried out by the Czech National Bank regularly four times a year – always in January, April, July and October. 

As compared to January figures the daily average turnover of deposit operations decreased from CZK 66.5 bln. to CZK 17.2 bln. that was driven mainly by drop in trades with non-residents. Their share on the total volume reached 73.3 percent. In terms of maturity, the most significant were those with the O/N maturity comprising 92.4 percent share of the total turnover. The volume of repo operations increased by 23 percent in comparison to last survey and their share on the total turnover reached 60 percent.

The turnover of derivative transactions IRS (Interest Rate Swap) increased by 43 percent as compared to January figures. Volume of FRAs (Forward Rate Agreement) increased almost six times. Most of all trades with derivatives (94 percent) were carried out with non–residents.