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Deals of $0.8m concluded at BICEX, Nov.2

02 November 2006 14:57 (UTC +04:00)

The weighted average exchange price made up 0.8724 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 697 920 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat fell by 0.0002 and 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 $800 000 or AZN 697 920.
The average cost per deal was $400 000.
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 14.72% in manats and 15.00% in USD on 90-day instrument. /APA/