TODAY.AZ / Business

Trades at BICEX

08 September 2006 [10:07] - TODAY.AZ
The weighted average exchange price made up 0.8790 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange on Thursday.

BICEX told APA that the opening price of the morning session on the BEST (Bourse E-system of Trades) was AZN 0.8795/USD and deals of AZN 195 360 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 40 687 760 were closed on USD/AZM T+0 tool in the midday trading. The exchange rate of manat against USD was AZN 0.8790/USD 1.

According to the results of the two sessions, the total volume of the trades on USD/AZN tool amounted to $46 459 000 or AZN 40 883 120.

The average cost per deal was $11 614 750.

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 14.80% in manats and 14.86% in USD on 90-day tool.

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