Dollar grows at UTS

The average-weighted dollar exchange rate amounted to 31.88 RUR/USD at this morning's session on January 8, 2003. It means the rate has gained RUR0.10 compared to the previous level.

The previous special session on US currency was held on December 27, 2002, which is 11 days ago. So, this weakening of the ruble by RUR0.10 can be looked at as inconsiderable, taking into account the situation on the currency market a year ago. The dollar rate jumped by RUR0.44 at the first morning session in 2002. The activity of participants of the UTS was also much higher a year ago. Today, the volume of trade at the UTS only a bit exceeded $50m in the first 15 minutes of trade.