TODAY.AZ / Business

Deals of $7.44mn concluded at BICEX on August 11

12 August 2006 [10:02] - TODAY.AZ
The weighted average exchange price made up 0.8861 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange.

As APA reports, the opening price of the morning session on the BEST (Bourse E-system of Trades) was AZN 0.8861/USD and deals of AZN 3 898 850 were concluded on USD/AZN T+1 tool.

The manat exchange rate rose 0.0004 against USD at the end of the session.

Deals of AZN 2 693 760 were closed on USD/AZM T+0 tool in the afternoon session. The exchange rate of manat against USD was AZN0.8861/USD 1.

According to the results of the two sessions, the total volume of the trades on USD/AZN tool amounted to $7.44mn or AZN 6 592 610.

The average cost per deal was $1.24mn. 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 15.70% in manats and 15.60% in USD on 90-day tool.

No deals on credit instrument between the banks were closed.

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