TODAY.AZ / Business

Deal of USD 2.2mn closed at BICEX

28 July 2006 [01:24] - TODAY.AZ
According to the results of the trading sessions in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN weighted average rate was AZN 0.8882/USD.

BICEX told APA that the opening price of the morning session held in the BEST (Bourse E-system of trades) was AZN 0.8884/USD and no interbank deals were closed on USD/AZN T+0 tool.

Interbank deals closed on USD/AZN T+0 tool in the day session of BEST formed AZN 1 954 040 and average rate of manat was AZN 0.8882/$1.

So, as results of the both sessions, volume of BEST equaled $2.2mn or AZN 1 954 040 mn on USD/AZN tool.

Each bargain was on average $ 733 333.

No bargains were closed 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 RUB/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 14.71% per annum on manat and 14.52% per annum on US dollar on 90-day tool.

Interbank bargains of were not stricken during the day.

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