TODAY.AZ / Business

Volume of BICEX currency transactions totaled $6.95

23 June 2006 [10:21] - TODAY.AZ
Pursuant to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0.8954/$1.

According to APA, the opening price of the morning session held in the BEST (Bourse E-system of trades) system was AZN 0.8956/$1. No bargains were concluded on USD/AZN T+0 tool and average rate of manat for USD remained unchanged at the end of the session.

Volume of interbank deals concluded on USD/AZN T+0 tool in the day session of BEST formed $6mln 950 thousand and average rate of manat was AZN 0.8954/$1 according to the results of the day session. So, as results of the both sessions total volume of BEST totaled $6 mln 950 thousand or AZN 6 mn 222 thousand 810 on USD/AZN tool. Each bargain was $600 thousand on average.

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 14.38% per annum on manat and 13.99% per annum on US dollar on 90-day tool. No interbank bargains on credit tools were registered during the day.

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