31 May 2016
RON exchange rates
4.60
Feasible public debt auction plan set for
June
4.10
USD/RON (rhs)

EUR/RON
4.50
According to June’s public debt auction plan, the Ministry of
Finance intends to raise RON 3.4bn in RON Government
4.00
securities, out of which RON 1bn in T-bills and RON 2.4bn in T4.40
bonds. This amount is roughly in line with the one borrowed in
3.90
May, but the average residual maturity of the issuances planned in
June (4.1 years) is superior to that in May (3.4 years). All the
4.30
4-May
12-May
20-May
issuances in May were entirely realized, as the auctions showed
3.80
30-May
good demand very likely favoured by the large T-bond which
matured at the end of April.
Source: Daily NBR’s fixing as of 1.00 p.m
(local time)

The aggregated confidence indicator for the Romanian economy
computed by the European Commission (ESI indicator) declined in
RON yield curve
May to 103.6 points from 104.0 points in April, while also the
consumer confidence indicator decreased compared to previous
4.0
month. However, the average level of both indicators for April and
3.0
May is superior to the average level reported in the first quarter.
2.0
1.0
0.0
6M
1Y
3Y
5Y
Curent
10Y
1 month ago
* yields to maturity (%, mid)
Source: Daily NBR’s fixing as of 12.00 a.m.
(local time)
Raiffeisen Bank Romania:
Daily rates
FX quotes
Interest rates for corporations
TDY / TDY
Bid
Exc ha nge house
Bid
Ask
EUR/RON
USD/RON
4.4450 4.5650
3.9850 4.1100
4.4350
3.9800
4.5750
4.1150
EUR/USD 1.0815 1.1455
EUR/GBP 0.7384 0.7770
GBP/RON
5.8750 6.0200
5.8400
6.0500
EUR/CHF
1.0810
1.1490
CHF/RON
3.9730
3.9700
4.1150
EUR/JPY
121.12
127.16
4.1120
Bid
Ask
Raiffeisen Bank’s FX quotes as of 9.00 a.m. (local time); FX quotes may change
during the working day due to the market movements. For foreign exchange
transactions, rates for amounts greater than EUR 20,000 or equivalent are
negotiable.
Treasury sales phone:
RO N
TDY / TDY c ross ra te s
Ask
US D
EUR
CHF G BP
O/N 0.020 0.015 0.000 0.000 0.004
1W
2W
3W
0.040 0.016 0.000 0.000 0.008
0.041 0.021 0.000 0.000 0.006
0.043 0.026 0.000 0.000 0.014
1M
3M
0.040 0.035 0.000 0.000 0.014
0.040 0.054 0.000 0.000 0.009
Effective today at 9.00 a.m. (local time)
Min. amount: 5,000 units in each currency
+40-21-306-1991
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1
Domestic financial markets
FX fixing for RON
Fixing
4.5039
4.0452
4.0743
5.9021
3.6405
1.0249
1.4335
EUR
USD
CHF
GBP
JPY (100)
PLN
HUF (100)
Fixing for MM rates
1D (% )
- 0.08
0.33
RO BID
0.14
0.16
0.21
0.35
0.45
0.55
0.60
ON
1W
1M
3M
6M
9M
12M
13:00 local time
RON money market rates
2.0%
RO BO R
0.44
0.50
0.57
0.75
1.00
1.10
1.16
1.5%
1.0%
0.5%
11:00 local time
28-Mar-16
ROBOR 1M
Notes: NBR fixings as of 30 May 2016
Specific money market rules apply to establish the validity of ROBOR fixings
RON T-securities*
Bid
Ask
Te nor Y ie ld Y ie ld
6M
1Y
3Y
5Y
10Y
April: auctions for RON T-securities
0.60
0.75
1.88
2.77
3.69
0.34
0.49
1.67
2.56
3.48
Amount
0.0%
30-May-16
27-Apr-16
ROBOR 3M
ROBOR 6M
Dynamics of RON yields
Y ie ld
Da te
Te nor Ta rge t Ac tua l Avg
2- Jun
11.1
200
7- Jun
3.7
500
10- Jun
8.7
300
14- Jun
6.5
400
17- Jun
4.7
500
23- Jun
1.0
1000
28- Jun
2.8 3400
500
0
5.0
Ma x
4.0
3.0
2.0
1.0
9-Dec-15
*NBR's fixing as of 30 May 2016 (12.00 local time)
4-Mar-16
6M
1Y
5Y
10Y
0.0
30-May-16
3Y
Eurobonds issued by Romania (in EUR)
Ma turity
IS IN
XS0371163600
XS0852474336
XS0972758741
XS1060842975
XS1129788524
XS1312891549
Da te
Jun 2018
Nov 2019
Sep 2020
Apr 2024
Oct 2024
Oct 2025
Y e a rs
2.0
3.4
4.3
7.9
8.4
9.4
Cupon
6.50
4.88
4.63
3.63
2.88
2.75
Mid
yie ld
0.11
0.42
0.78
2.15
2.28
2.45
XS1313004928
Oct 2035
19.4
3.88
3.60
Mid
pric e
113.07
115.14
116.19
110.63
104.50
102.52
103.73
Foreign market rates
1.2%
1.0%
0.8%
0.6%
0.4%
0.2%
0.0%
-0.2%
-0.4%
7-Dec-15
Date as of 30 May 2016 17:54 (local time)
Source: Bloomberg
2-Mar-16
-0.6%
27-May-16
Euribor 1M
Euribor 6M
Libor Usd 1M
Libor Usd 6M
International financial market
FX ma rke t ra te s*
1D (%)
Euribor Libor US D
EUR/USD
1.1135
0.27
O/N
- 0.346
0.38610
GBP/USD
1.4674
0.42
1W
- 0.363
0.40610
USD/CHF
0.9927
- 0.24
1M
- 0.349
0.45445
USD/JPY
111.16
0.01
3M
- 0.26
0.67405
6M
- 0.149
0.97710
9M
- 0.082
n.a
12M
- 0.015
1.32070
Date as of 31 May 2016 08:07 (local time)
Foreign exchange rates
1.18
125
1.14
120
1.10
115
1.06
110
Libor Usd fixing on 26 May 2016
Euribor fixing on 27 May 2016
IRS 2Y
- 0.16
1.05
EUR IRS rates on 27 May 2016 , 16.00
USD IRS rates on 26 May 2016 , 16.00
IRS 5Y
IRS 10Y
0.01
0.55
1.36
1.72
1.02
11-Dec-15
8-Mar-16
105
31-May-16
USD/JPY (rhs.)
EUR/USD
Note: Specific money market rules apply to establish the validity of LIBOR
USD and EURIBOR fixings
Source: Bloomberg, Thomson Reuters Datastream
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2
Bucharest Stock Exchange (BSE): daily trading summary
Issue r
Close
1D (% )
FP
SIF1
SIF2
SIF3
SIF4
SIF5
FONDUL PROPRIETATEA
SIF BANAT CRISANA
SIF MOLDOVA
SIF TRANSILVANIA
SIF MUNTENIA
SIF OLTENIA
0.73
1.39
0.72
0.23
0.52
1.36
1.3
0.1
4.2
0.9
0.0
2.1
TLV
BRD
BANCA TRANSILVANIA
BRD - GSG
2.09
9.33
- 10.9
0.2
BVB
TEL
EL
SNP
SNN
SNG
TGN
Issue r
Close
1D (% )
BURSA DE VALORI BUC.
TRANSELECTRICA
ELECTRICA
OMV PETROM
NUCLEARELECTRICA
ROMGAZ
TRANSGAZ
22.40
29.95
12.30
0.23
5.03
23.70
271.00
0.0
2.0
0.3
0.0
0.2
3.0
0.0
BS E turnove r (EUR mn)
4.86
Date as of 30 May 2016 19:00 (local time)
Main BSE indexes
Inde x
BET
BET- TR
BET Plus
BET- FI
V a lue
6350.90
7515.51
940.18
1D
- 1.9
1.6
- 1.9
1M
- 3.0
0.8
- 3.1
3M
- 2.4
1.4
- 2.5
6M
- 12.5
- 9.0
- 12.0
1Y
- 15.1
- 8.0
- 14.5
Y TD
- 9.3
- 5.8
- 9.1
7500
32000
7000
30000
25553.62
1.5
- 4.3
- 7.8
- 16.0
- 17.0
- 15.6
6500
28000
4908.95
7506.19
917.21
- 1.8
1.6
- 1.8
- 3.6
0.1
- 3.7
- 3.2
0.5
- 3.3
- 13.4
- 10.0
- 12.9
- 16.3
- 9.3
- 15.7
- 8.9
- 5.4
- 8.7
6000
26000
12302.32
1.6
- 5.0
- 8.6
- 16.9
- 18.2
- 15.2
BET EUR
BET- TR EUR
BET Plus EUR
BET- FI EUR
5500
14-Mar-16
Note: All changes are in %
20-Apr-16
BET
24000
30-May-16
BET-FI (RHS)
Date as of 30 May 2016 19:00 (local time)
Mutual Funds managed by Raiffeisen Asset Management
P e rforma nc e (% )
Y e a r on ye a r Y e a r to da te
(yoy)
(ytd)
Inc e ption
month
Asse ts unde r
ma na ge me nt
(RO N mn)*
Ne t Asse t V a lue
pe r unit (NAV )
Raiffeisen Benefit
Jun 2006
73.89
148.5072
- 4.9
- 2.8
Raiffeisen Romania Actiuni
Aug 2007
16.43
38.4995
- 10.7
- 10.8
Raiffeisen Confort
Sep 2007
324.72
161.0026
- 0.7
- 0.9
Raiffeisen RonPlus
Sep 2008
2,695.55
176.8272
2.9
1.0
Raiffeisen RonFlexi
Jun 2011
752.50
125.1491
2.2
0.9
Raiffeisen EuroPlus (in EUR)
Oct 2009
476.99
127.4167
1.5
0.6
Raiffeisen DolarPlus (in USD)
Oct 2010
104.83
1195.1366
2.1
1.1
Raiffeisen Confort Euro (in EUR)
Oct 2013
52.32
28.1846
- 3.7
- 0.5
* EUR mn for Raiffeisen EuroPlus and Confort Euro, and USD mn for Raiffeisen DolarPlus
NAV as of: 27 May 2016
For further details please visit www.raiffeisenfonduri.ro
44
166
42
161
40
156
38
151
36
27-Nov 29-Jan 31-Mar 27-May
146
27-Nov 29-Jan 31-Mar 27-May
178
127
175
125
172
123
169
NAV Romania Actiuni
NAV Benefit
NAV Confort
27Nov
121
3127Mar
May
Raiffeisen RON Plus (rhs.)
29-Jan
Raiffeisen RON Flexi
129
1220
127
1200
125
1180
123
1160
121
27Nov
29-Jan
31Mar
1140
27May
Raiffeisen Dolar Plus (rhs.)
Raiffeisen Euro Plus
Page
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3
Research team for macroeconomics and financial markets
Ionut Dumitru – Chief Economist,
Nicolae Covrig – Financial Analyst,
Silvia Maria Rosca –- Financial Analyst,
+40 - 730 - 222 - 953
+40 - 799 - 718 - 476
+40 - 799 - 718 - 083
Disclaimer Financial Analysis - Raiffeisen BANK Romania
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under no. RB-PJR-40-009/1999, in its capacity as an Intermediary, registered with the Romanian Financial Supervisory Authority under
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Past performance is no guarantee for the future performance of the financial instruments. No assurance can be given regarding the
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Please be informed that it is possible that the Bank, its affiliates or its employees may hold on their own account products / financial
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