TODAY.AZ / Business

Deals of $4.65 mln concluded at BICEX August 29

30 August 2006 [10:27] - TODAY.AZ
The weighted average exchange price made up 0.8819 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 0.8825/USD and deals of AZN 4 412 500 mn were concluded on USD/AZN T+1 tool.

The manat exchange rate remained unchanged against USD at the end of the session.

Deals of AZN 3 570 320 were closed on USD/AZM T+0 tool in the midday trading. The exchange rate of manat against USD was AZN 0.8816/USD 1.

According to the results of the two sessions, the total volume of the trades on USD/AZN tool amounted to $4.65 mn or AZN 3 570 320. The average cost per deal was $810 000.

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 14.35% in manats and 14.38% in USD on 90-day tool.

No deals on credit instrument between the banks were closed.

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