Deals of $28.15m concluded at BICEX, Nov.3

Deals of $28.15m concluded at BICEX, Nov.3
# 03 November 2006 14:57 (UTC +04:00)
The weighted average exchange price made up 0.8728 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 0.8724 AZN/USD and deals of AZN 21 037 110 were concluded on USD/AZN T+0 instrument.
Deals of AZN 3 533 785 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat fell by 0.0005 and stood at AZN 0.8729 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $28.15m or AZN 24 570 895.
The average cost per deal was $4 021 429.
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.
Two interbank deals of US $1m and US $300 000 for 30 and 60 days respectively were concluded.