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Swaps of $6.15m concluded at BICEX, Oct. 26

27 October 2006 15:35 (UTC +04:00)

The weighted average exchange price made up 0.8725 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 0.8719 AZN/USD and swaps of AZN 611 170 were concluded on USD/AZN T+0 instrument. The manat exchange fell by 0.0012 against USD to 0.8731 at the end of the session.
Swaps of AZN 4 754 990 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8725 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $6.15m or AZN 5 366 160.
The average cost per deal was $1.23m.
On USD/AZN T+1, T+2 instruments and SWAP_USD/AZN in BEST, no swaps 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 15% in manats and 15% in USD on 90-day instrument. /APA/