Deals of $13.71m concluded at BICEX, Nov.7

Deals of $13.71m concluded at BICEX, Nov.7
# 07 November 2006 14:18 (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 0.8727 AZN/USD and deals of AZN 2 967 880 were concluded on USD/AZN T+0 instrument. The average exchange rate of manat rose 0.0005 against USD and stood at 0.8722 AZN/USD at the end of session.
Deals of AZN 8 995 320 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 $13.71m or AZN 11 963 200.
The average cost per deal was $2 285 000.
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 14.68% in manats and 14.72% in USD on 90-day instrument. /APA/