TODAY.AZ / Business

Deals of $2.5mln closed on BICEX, Feb.9

10 February 2007 [01:57] - TODAY.AZ
The weighted average exchange price made up 0.8699 AZN/USD at trading sessions on the Baku Interbank Currency Exchange today.

BICEX told APA that the opening price of the morning session on the BEST (Bourse E-system of Trades) was 0.8699 AZN/USD and no deals were closed on USD/AZN T+0 instrument. The manat exchange against the US dollar remained unchanged.

Deals of AZN 2,174,750 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat against the US dollar was made 0.8699 AZN/USD.

According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $2.5mln or AZN 2,174,750.

The average cost per deal was $416,667.

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

No bids on RUB/AZN and EUR/AZN T+1instruments 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 14.47% in USD on 90-day instrument.


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