novità migliora il cambio offshore??
Still a lot of interest in 50/50 option
In yesterday's first session, in which the CBI offered to buy euros, there were 100 bids amounting to EUR 41.3 m. The bank accepted bids for a total amount of EUR 37.3 m., at the price of ISK 225 per euro. This was the strongest rate of the ISK against the euro since August 2011, and since the foreign currency auction in February the price of a euro has dropped by ISK 5. At the same time, however, the króna has appreciated somewhat on the domestic currency market, since the euro has dropped from ISK 172 to ISK 163, and the spread has therefore slightly widened between the auction exchange rate and the domestic exchange rate.
The bank accepted 97% of the bids made for the 50/50 Investment Programme, totalling EUR 34.1 m. This is the highest amount for accepted bids since the 50/50 Investment Programme was first launched just over a year ago. Including the ISK purchases in the regular foreign exchange market, 50/50 programme investment related to yesterday's auction probably approached ISK 13 bn., with participants buying krónur at an average price of about ISK 199 per euro. On the other hand, over half of the bids made for the Treasury bond option were accepted, i.e. for a total of EUR 3.2 m. In exchange the CBI issued RIKS33 bonds for a nominal value of ISK 663 m. at a real yield of 2.77%. The combined total of euros bought at both auctions amounted to the equivalent of ISK 8.4 bn.
ISK 8.2 bn. unwound in offshore króna

In the third auction, which was held in the afternoon, the CBI offered to purchase króna in exchange for euros. A total of 43 bids were received from owners of offshore króna who wanted to buy euros for ISK 12.4 bn. Bids were accepted for ISK 8.2 bn. and all accepted offers were made available at the same price, which was set at ISK 226 per euro. This is the highest amount for accepted bids since May of last year.
