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Deals of $6.265m concluded at BICEX, Oct. 16

16 October 2006 15:20 (UTC +04:00)

The weighted average exchange price made up 0.8730AZN/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 0.8742 AZN/USD and no deals were concluded on USD/AZN T+1 instrument. The manat exchange remained unchanged at the end of the session.
Deals of AZN 5 469 250 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8730 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $6 265 000 or AZN 5 469 250.
The average cost per deal was $1.253m.
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 14.60% in manats and 14.67% in USD on 90-day instrument.
Interbank deals of AZN 437 450 for 182 days were made. The interest rate was 15% annually. /APA/