July 2023

Turnovers on the money market in the week of 17 - 21 July 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 April figures the daily average turnover of deposit operations increased from CZK 17.2 bln. to CZK 53 bln. that was driven mainly by rise in trades with non-residents. Their share on the total volume reached almost 90 percent. In terms of maturity, the most significant were those with the maturity between 1W and 1M and their percent share reached 62.4 percent. The volume of repo operations decreased by 30 percent in comparison to last survey and their share on the total turnover reached 25 percent.

The turnover of derivative transactions IRS (Interest Rate Swap) decreased by 74 percent as compared to April figures. Volume of FRAs (Forward Rate Agreement) decreased by 87 percent. All trades with derivatives were carried out with non–residents.