TODAY.AZ / Business

Deals signed in BICEX totaled $7mn

29 June 2006 [09:11] - TODAY.AZ
According to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) yesterday, USD/AZN average weighted rate was AZN 0.8954/$1.

As APA reports, the opening price of the morning session held in the BEST (Bourse E-system of trades) system was AZN 0.8950/$1 and interbank deals concluded on USD/AZN T+0 tool constituted $5.85mn and average rate of manat for USD decreased 0.0005 to AZN 0.8955/$1 at the end of the session.

interbank deals concluded on USD/AZN T+0 tool in the day session of BEST formed $1.5mn and average rate of manat was AZN 0.8950/$1.

So, as results of the both sessions, volume of BEST totaled $7mn or AZN 6 268 535 on USD/AZN tool.

Each bargain was on average $1,000,000.

No bargains were concluded by dealers on USD/AZN T+1, T+2 and SWAP_USD/AZN tools, because there was no demand for it. No bids on EUR/AZN and RUR/AZN tools were made by banks.

In the interbank credit market operating within the BEST system BakIBOR index calculated on the basis of bids by banks having the status of market-maker formed 15.38% per annum on manat and 15.15% per annum on US dollar on 90-day tool.

No bank bargains on credit tools were signed in the whole day.

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