TODAY.AZ / Business

Deal of 9.636 closed at BICEX

05 August 2006 [10:02] - TODAY.AZ
The weighted average exchange price made up 0.8875 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange on yesterday.

As APA reports the opening price of the morning session on the BEST (Bourse E-system of Trades) was AZN 0.8871/USD and deals of AZN 1 820 140 were concluded on USD/AZN T+1 tool.

The manat exchange rate rose 0.0002 against USD at the end of the session.

Deals of AZN 6 732 476.40 were closed on USD/AZM T+0 tool. The exchange rate of manat against USD was AZN0.8875/USD 1.

According to the results of the two sessions, the total volume of the trades on USD/AZN tool amounted to $9.636mn or AZN 8 552 616.40.

The average cost per deal was $1 204 500. On USD/AZN T+1, T+2 tools and SWAP_USD/AZN in BEST, no deals were closed through lack of demand.

Interbank dealings of AZN 7 956.20 were concluded on EUR/AZN T+1 tool. No bids on RUB/AZN tools 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 14.90 % in manats and 1498% in USD on 90-day tool.

No deals on credit instrument between the banks were closed.

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