TODAY.AZ / Business

Trades at BICEX, May 7

07 May 2007 [22:25] - TODAY.AZ
The weighted average exchange prices made up 0.8633 AZN for 1 US dollar in the Baku, Interbank Currency Exchange on May 7.

The average-weighted dollar exchange rate was 0.8632 AZN at the morning session on US currency in the BEST (Bourse E-system of trades). Deals on instrument USD/AZM T+0 were not made. Manat exchange rate remained unchanged.

Deals on instrument USD/AZN T+0 amounted to 3,765,771AZN at the afternoon session. The weighted average rate was 0.8633 AZN for one US dollar.

The volume of trades totaled 3,765,771AZN (USD 4,362,000) on the instrument USD/AZM T+0 for both sessions. The average cost of one deal was $ 872,400.

No deals were closed on the USD/AZN T+1, T+2 instrument in BEST, because of lack of demand.

There were no deals made on Instrument EUR/AZN T+0, and RUR/AZN.

In the inter-bank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 14.42 % in manats on 90 day-instruments, and 14.76 % in USD.

No deals on the credit instruments were made between the banks on May 7. AzerTAg

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