Deals of $1.393mn closed at BICEX, Oct. 11

Deals of $1.393mn closed at BICEX, Oct. 11
# 11 October 2006 15:48 (UTC +04:00)
The weighted average exchange price made up 0.8734 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange today. BICEX told APA that the opening price of the morning session on the BEST (Bourse E-system of Trades) was AZN 0.8734AZN/USD and deals of AZN 2 707 510 were concluded on USD/AZN T+1 instrument. The manat exchange remained unchanged against USD at the end of the session.
Deals of AZN 255 957.80 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8731AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $3 393 000 or AZN 2 963 467.80.
The average cost per deal was $678 600.
On USD/AZN T+1, T+2 instruments and SWAP_USD/AZN in BEST, no deals were closed through lack of demand.
No bids on RUB/AZN and EUR/AZN T+1instruments 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 14.75% in manats and 15.67% in USD on 90-day instrument. /APA/

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