U.S. dollar starts going up, overcoming 12 lei barrier
Starting from November 23, the U.S. dollar rate started again going up at the Moldova currency market. The cash dollar buying rate went up to 12.02 lei from 11.9 lei per 1 U.S. dollar during last 2 days (the highest buying rate on November 25).
Independent market analysts said the main reason of the growth wave is the dollar strengthening at the Forex international currency market.
"The strengthening stimulus was assured by a conflict between 2 Korean countries. This day, shareholder values of Asiatic countries went down, and also rates of Asiatic country currency. Thus, the Japanese yen lost weight by 5%. Investors started going out the Asiatic countries central banks, transferring to more safe, according to them, dollar harbor", they said.
Some experts said the dollar growth was also favored by the statement of German Minister of Finances on November 22 concerning the Ireland financial problems menace the euro existence.
According to the Moldova currency market participants, the U.S. dollar growth is interesting to all market participants now - as banks, so exchange offices that aspire to earn more due to large difference, so the National Bank of Moldova (NBM) that seeks to build up the U.S. dollar to the recently announced average annual level of 12.5MDL: US$1 by the end of the year.
"The market regulator interest is proved by the fact the NBM buys from banks all foreign currency surpluses, impeding the lei strengthening", they said.
But, independent experts said that, in spite of observed universal interest, the rate growth will not be the long-term and will stop at the level of 12.2MDL: US$1 lei.
"The opinion is based on the fact that banks had currency excesses till last times, and at the same time, there was no considerable demand on it provided by legal entities and individuals. If the NBM will stop buying currency surpluses, leu will strengthen again", experts said.
Concerning the euro-dollar couple rate at the Forex, experts said big fluctuations will continue, because both currencies have problems that will impede it soon reaching the point of equilibrium.
Infotag
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