TODAY.AZ / Business

Trades at BICEX

11 August 2006 [09:50] - TODAY.AZ
The weighted average exchange price made up 0.8865 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange today.

As APA reports, the opening price of the morning session on the BEST (Bourse E-system of Trades) was AZN 0.8865/USD and deals of AZN 61 204 440 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 983 559 were closed on USD/AZM T+0 tool. The exchange rate of manat against USD was AZN0.8860/USD 1.

According to the results of the two sessions, the total volume of the trades on USD/AZN tool amounted to $70.15 mn or AZN 62 187 999.

The average cost per deal was $11 691 667. On USD/AZN T+1, T+2 tools and SWAP_USD/AZN in BEST, no deals were closed through lack of demand.

No bids on RUB/AZN and EUR/AZN T+1tools 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 15.60% in manats and 15.64% in USD on 90-day tool.

Deal at value of 534 000 for the period of 138 days and deal at value of USD 500 000 for the period of 61 days were concluded between banks during the day. The interest rates constituted 15% and 13% respectively.

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