TODAY.AZ / Business

Trades at BICEX

02 November 2006 [20:42] - TODAY.AZ
The weighted average exchange prices made up 0.8724 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 2.

The average-weighted dollar exchange rate was 0.8722 at the morning session on US currency in the BEST (Bourse E-system of trades). On instrument USD/AZM T+0 deals were 697,920 AZN.

Manat exchange rate dropped 0.0002 points and reached 0.8724 AZN. No deals on instrument USD/AZM T+0 were made in the afternoon session.

Thus, the weighted average exchange rate was 0.8724 AZN.

The volume of trades in the instrument USD/AZM T+0 for both sessions totaled 697,920 AZN (USD 800,000).

The average cost of one deal was $400,000.

On USD/AZN T+1, T+2 instrument in BEST, no deals were closed because of lack of demand.

On Instrument EUR/AZN T+0, and RUR/AZN deals were not made.

In the inter-bank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 14.72 % in manats on 90 day-instruments, and 15.00 % in USD. No deals on credit instrument between the banks were on November 2. AzerTAg

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