TODAY.AZ / Business

Transactions implemented in BICEX totaled $6.95

24 June 2006 [09:39] - TODAY.AZ
According 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.

BICEX informs that, the opening price of the morning session held in the BEST (Bourse E-system of trades) system was AZN 0.8954/$1. Interbank currency transactions concluded on USD/AZN T+0 tool amounted to $6mln and average rate of manat for USD remained unchanged at the end of the session.

According to APA, volume of interbank deals concluded on USD/AZN T+0 tool in the day session of BEST formed $4.6 mln and average rate of manat was AZN 0.8954/$1.

So, as results of the both sessions, total volume of BEST totaled $10.6 mln or AZN 9 491 180. Each bargain was $3 533 333 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 14.90% per annum on manat and 14.40% per annum on US dollar on 90-day tool. No interbank bargains on credit tools were registered during the day.

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