TODAY.AZ / Business

Deals of $17.290 mln concluded at BICEX August 30

31 August 2006 [09:43] - TODAY.AZ
The weighted average exchange price made up 0.8815 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange yesterday.

As APA reports, the opening price of the morning session on the BEST (Bourse E-system of Trades) was AZN 0.8816/USD and deals of AZN 643 687 were concluded on USD/AZN T+1 tool.

The manat exchange rate fell by 0.0001 against USD and stood at 0.8817 AZN/USD at the end of the session.

Deals of AZN 14 598 014 were closed on USD/AZM T+0 tool in the midday trading. The exchange rate of manat against USD was AZN 0.8815/USD 1.

According to the results of the two sessions, the total volume of the trades on USD/AZN tool amounted to $17.290 mln or AZN 15 241 701.

The average cost per deal was $3.458mn.

On USD/AZN T+1, T+2 tools and SWAP_USD/AZN in BEST, no deals were closed through lack of demand.

No bids on RUB/AZN and EUR/AZN T+1tools were made by banks.
In the interbank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 14.51% in manats and 14.57% in USD on 90-day tool.

The interest rate on interbank credits constituted 16%.

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