The solid performance of exports, which in September reached a3.5bn-euro monthly high, does not show in the volume of forexmarket deals, which dropped further in October.
The volume of forex deals sealed on the interbank marketdeclined significantly in October from previous months after havingreverted to a level similar with the 2008 one during summer.
Domestic banks' dealers traded 30.4bn euros on the Bucharestmarket, down 19% from the 37.6bn-euro record high posted in June.The deal volume rose, however, by 9% from October 2009, much lesscompared with previous months, when the annual growth pace reachedas much as 60%, according to NBR data.
During summer, the stepped up activity on the Bucharest forexmarket reflected a rebound in exports and imports, as well as therising RON liquidity. However, dealers had expected, as early astwo-three months ago, investors' aversion to risky assets toincrease towards yearend.
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