PUBLIC

Daily Markets Commentary

ADP Utilization 95.0% Last Fiscal Year !!!
16 Jul 2014
Bangladesh
Global Markets
Disclaimer
This report must be read in
conjunction with the disclaimer on
Page3 that forms a part of it
Issued by The Hongkong and Shanghai Banking
Corporation Limited.
Bank Sells Bank Buys
TT & OD BC Currency TT Clean OD Sight OD Transfer
78.0900 78.1000 USD 77.1000 76.9600 76.8200
73.8884 73.8984 AUD 70.9184 70.7184 70.5684
73.4988 73.5088 CAD 70.5188 70.2688 70.1188
87.9658 87.9758 CHF 84.9858 84.7658 84.6158
106.6058 106.6158 EUR 103.6251 103.4051 103.2251
134.3035 134.3135 GBP 131.3235 131.0735 130.8535
10.2500 10.2600 HKD 9.7400 9.7200 9.7000
0.7822 0.7827 JPY 0.7407 0.7406 0.7405
63.7983 63.8083 SGD 60.8183 60.7683 60.7183
12.7886 12.7986 NOK 12.1583 12.1083 12.0583
21.6919 21.7019 AED 20.5019 20.4519 20.4019
12.7929 12.8029 CNY 12.1629 12.1129 12.0629
14.4518 14.4618 DKK 13.7318 13.6818 13.6318
Cash
Bank Sells Bank Buys
USD 79.1000 USD 77.1000
GBP 135.3935 GBP 130.3825
EUR 107.6659 EUR 102.5558
Indicative Forward Buying Rates
30 Days 60 Days 90 Days 120 Days 180 Days
USD 77.2828 77.4602 77.5848 77.6741 77.7441
GBP 131.5974 131.8648 132.0423 132.1487 132.1622
EUR 103.8413 104.1202 104.2929 104.4182 104.4346
JPY 0.7422 0.7442 0.7455 0.7465 0.7474
Indicative Forward Selling Rates
30 Days 60 Days 90 Days 120 Days 180 Days
USD 78.6431 79.1806 79.7132 80.2422 81.2866
GBP 135.2090 136.0972 136.9767 137.8383 139.5208
EUR 107.3636 108.1023 108.8348 109.5626 110.9999
JPY 0.7882 0.7936 0.7990 0.8045 0.8152
London Interbank Offer Rates (LIBOR) as of 15 July 2014 (For Indicative Purposes Only)
Currency 1Month 2Month 3Month 6Month 1Year
USD 0.1542 0.1958 0.2331 0.3264 0.5519
GBP 0.4956 0.5248 0.5575 0.7181 1.0690
EUR 0.0829 0.1329 0.1714 0.2650 0.4343
Indicative Rates
Bank Sells Bank Buys
INR 1.3068 INR 1.2668
All FX Rates provided are for one unit of foreign curerncy against BDT for HSBC Bangladesh.
The above rates are applicable for transactions of values upto USD 10,000 or equivalent in other currencies.
Contact Global Markets Front Office for rates of transactions over USD 10,000 or equivalent in other currencies.
The above rates are subject to change without notice at the discretion of the Bank.
HSBC retains the right to accept or reject any transaction based on the rates provided above.
Daily Markets Commentary

PUBLIC - 2 16 Jul 2014
Domestic market
The USDBDT rate is stable as adequate liquidity prevails in the market.
Overnight call money deals being traded within the range of 5.506.25%.
International Market
FX Market: The dollar clung to modest gains early on Wednesday after bulls latched onto a
comment by the head of the Federal Reserve that rates could rise sooner if employment
continued to improve, while strong inflation sent sterling to a six-year high. The dollar index
last traded at 80.388, near the close in New York where it climbed 0.3 percent. The
greenback was at one-week highs on the yen at 101.67, while the euro wallowed at a near
one-month low of $1.3562.British inflation surged to a five-month high last month and
house prices rose at their fastest in years. Sterling reached a fresh six-year high of
$1.7190, and scaled a near two-year peak at 79.08 pence per euro.
[Source: Reuters]
Corporate and Economic News
ADP utilization 95.0% last fiscal year: The government managed to use 95.0%of the
allocation for Annual Development Program (ADP) last fiscal year, according to Planning
Minister. Some BDT 567.9 billion of the revised ADP of BDT 600.0 billion was utilized.
Although the implementation rate is lower than in the previous year, Minister was still
satisfied with the end result given the political strife for a good part of fiscal 2013-14. The
implementation rate in fiscal 2012-13 was 96.0%. The power division and the ministries of
rural development and cooperatives, disaster management, expatriates welfare, housing
and public works, civil aviation and defence have implemented 100 percent of their
allocations.
[Source: The Daily Star]
Market Snapshot
International Commodity Prices
Brent Crude Oil ($ per bbl) 106.17
Natural Gas ($ per mm btu) 4.10
Gold (SPOT,$ per Troy oz) 1,295.97
Corn ( / bushel) 384.50
Soybeans ( / bushel ) 1,093.00
Wheat ( / bushel) 541.00
Cotton ( / pound) 68.03
Sugar #11 (cents per pound) 17.17
Central Bank Policy Rates
Australia 2.50%
Canada 1.00%
Eurozone 0.15%
Japan 0.00-0.10%
Switzerland 0.00-0.25%
England 0.50%
US 0.00-0.25%
International Stock Market
FTSE 100 Index 6,673.00
Nikkei 225 Index 15,410.00
DowJones Industrial Average 16,995.00
Local Stock Market
Dhaka Stock Exchange
DSEX Index 4,362.79
Chittagong Stock Exchange
CSE All Share Price Index
(CASPI)
13,425.47
Source: Websites
Daily Markets Commentary

PUBLIC - 16 Jul 2014 3
The Hongkong and Shanghai
Banking Corporation Limited
Management Office
Level 4, Shanta Western Tower, 186 Bir
Uttam Mir Shawkat Ali Road, Tejgaon I/A
Dhaka-1208, Bangladesh
Tel: +880 2 887 8871-73
Fax:+880 2 887 8865
Website: www.hsbc.com.bd/1/2//gm
This document is issued by The Hongkong and Shanghai Banking Corporation Limited
(HSBC). The information contained herein is derived from sources we believe to be reliable, but
which we have not independently verified. HSBC makes no representation or warranty (express or
implied) of any nature nor is any responsibility of any kind accepted with respect to the
completeness or accuracy of any information, projection, representation or warranty (expressed or
implied) in, or omission from, this document. No liability is accepted whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Any examples given are for the
purposes of illustration only. The opinions in this document constitute our present judgement, which
is subject to change without notice. This document does not constitute an offer or solicitation for, or
advice that you should enter into, the purchase or sale of any security, commodity or other
investment product or investment agreement, or any other contract, agreement or structure
whatsoever and is intended for institutional customers and is not intended for the use of private
customers. The document is intended to be distributed in its entirety. No consideration has been
given to the particular investment objectives, financial situation or particular needs of any recipient.
Unless governing law permits otherwise, you must contact a HSBC Group member in your home
jurisdiction if you wish to use HSBC Group services in effecting a transaction in any investment
mentioned in this document. This document, which is not for public circulation, must not be copied,
transferred or the content disclosed, to any third party and is not intended for use by any person
other than the intended recipient or the intended recipient's professional advisers for the purposes
of advising the intended recipient hereon.
Copyright. The Hongkong and Shanghai Banking Corporation Limited 2006. ALL RIGHTS
RESERVED. No part of this publication may be reproduced, stored in a retrieval system, or
transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or
otherwise, without the prior written permission of The Hongkong and Shanghai Banking Corporation
Limited.