TODAY.AZ / Business

Deals of $2.005mn concluded at BICEX August 14

15 August 2006 [09:06] - TODAY.AZ
The weighted average exchange price made up 0.8858 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange yesterday.

As APA reports, the opening price of the morning session on the BEST (Bourse E-system of Trades) was AZN 0.8860/USD and deals of AZN 4 430 were concluded on USD/AZN T+1 tool.

The manat exchange rate rose 0.0001 against USD at the end of the session.

Deals of AZN 1 771 600 were closed on USD/AZM T+0 tool in the afternoon session. The exchange rate of manat against USD was AZN0.8858/USD 1.

According to the results of the two sessions, the total volume of the trades on USD/AZN tool amounted to $2.005mn or AZN 1 776 030.

The average cost per deal was $1 002 500. 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 15.30% in manats and 15.40% in USD on 90-day tool.

No deals on credit instrument between the banks were closed yesterday.

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