Agrarian Industry

Home page

Agrarian Industry

Deals of $0.11m concluded at BICEX, Nov.1

01 November 2006 15:02 (UTC +04:00)

The weighted average exchange price made up 0.8722 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 0.8722 AZN/USD and no deals were concluded on USD/AZN T+0 instrument.
Deals of AZN 95 942 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8722 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $110 000 or AZN 95 942.
The average cost per deal was $55 000.
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 15.30% in manats and 15.30% in USD on 90-day instrument. Annual interest rate on interbank credits stood at 16%. /APA/