Dollar trade volume exceeds $250m on interbank market

The participants of the trade session on the interbank foreign currency market were very active today and generated a large trade volume. At the moment of closing transactions on December 27, 2002 the trade volume on the interbank market was $250m, twice as big as the trade volume posted at today's morning dollar trade session. Although tomorrow operations were not executed on the interbank foreign currency market today, another $20m was generated by December 31 transactions, so the current trade volume is close to $300m.

At the same time, dollar rate quotes on the interbank market are still pretty low. The weighted average dollar exchange rate is equal to the official rate of RUR31.78 set by the Russian Central Bank, and even the high on dollar rate quotes was only RUR0.01 higher than the official dollar exchange rate.