OREANDA-NEWS. April 01, 2009. In the three months of 2009 currency trade volume on Kazakhstan Stock Exchange (KASE), including currency swap transactions, reached KZT3,223.8 bn. (USD23,419.2 m.) growing against the same period of the last year by 63.1 % (42.7 % in dollar terms), reported the press-centre of KASE.
 
As compared to the previous three month period (October-December 2008) the trade volume reduced 2.3 times (2.6 times in dollar terms). Weighted average rate of tenge to dollar calculated on all deals of the main (morning) trade session of KASE for the period 03.01.09 through 31.03.09, reached KZT136.90 a dollar, on all exchange deals - KZT135.96 a dollar.

Rate of tenge devaluation against dollar on the weighted average exchange rate is estimated in the current year at 147.48 % APR. In the three months tenge lost 25.08 % of its nominal value against the dollar.

In 2008 tenge devalued against the dollar by 0.41 % in nominal expression.

It is to be reminded in connection with the launch of currency swap transactions on December 29, 2008 KASE is using beginning January 1, 2009 on release of its trade statistics two indicators - trade volume (this is a new indicator showing consolidated gross-volume of deals) and exchange (calculated) turnover (this indicator is traditional and had been released before 2009).

On the currency market these indicators may differ at opening and/or closing of a currency swap transaction in the reporting period. At carrying out such transactions in the exchange market sector, specifically, opened for such purposes, trade volume shall include only volumes of opening deals of currency swap transactions (according to amount of attracted money). At calculation of exchange (calculated) turnover volumes shall be accounted (in tenge; with consequent re-calculation into dollars) for all executed opening and closing deals of such transactions; at that, only the deals falling onto the reporting period shall be taken into account.

KASE also is using the mentioned methodological method in regard of the trading statistics on repo transactions.