TODAY.AZ / Business

Deals of $1.87m closed at BICEX

10 March 2007 [11:01] - TODAY.AZ
The weighted average exchange price made up 0.8682 AZN/USD at trading sessions on the Baku Interbank Currency Exchange.

BICEX told that the opening price of the morning session on the BEST (Bourse E-system of Trades) was 0.8684 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 1,623,534 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat against the US dollar was made 0.8682AZN/USD.

According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $1.87m or AZN 1,623,534.

The average cost per deal was $374,000, APA reports.

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 14.27% in manats and 13.97% in USD on 90-day instrument.

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