TODAY.AZ / Business

Deals of $1.15 mn concluded at BICEX, September 8

09 September 2006 [09:30] - TODAY.AZ
The weighted average exchange price made up 0.8794 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 0.8790/USD and deals of AZN 527 760 were concluded on USD/AZN T+1 tool.

The manat exchange rate fell by 0.0006 against USD and stood at 0.8796 AZN/USD at the end of the session.

Deals of AZN 483 590 were closed on USD/AZM T+0 tool in the midday trading. The exchange rate of manat against USD was AZN 0.8793/USD 1.

According to the results of the two sessions, the total volume of the trades on USD/AZN tool amounted to $1.15mn or AZN 1 011 350. The average cost per deal was $230 000.

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 14.44 percent in manats and 14.47 percent in USD on 90-day tool.

No deals on credit instrument between the banks were closed yesterday.

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