BoM holds FX auction

2016/10/14

Spot trade: Commercial banks bid MNT 2277.00-2290.11 for USD56.8 million and MNT 338.46-340.82 for CNY81.5 million respectively. The BoM bought USD15.0 million with single rate of MNT 2288.61 and CNY 10.0 million with closing rate of MNT 340.50.

Swap and forward trade: The BoM received bid offers of USD44.5million of MNT swap agreements from commercial banks and the BoM did not accept any bid offers.

Source: Mongolbank

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