Deals of $38.3m concluded at BICEX, Nov.8

Deals of $38.3m concluded at BICEX, Nov.8
# 08 November 2006 15:02 (UTC +04:00)
The weighted average exchange price made up 0.8721 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 0.8725 AZN/USD and deals of AZN 32 388 300 were concluded on USD/AZN T+0 instrument. The average exchange rate of manat rose remained unchanged against USD at the end of session.
Deals of AZN 1 046 570 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8721 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $38.3m or AZN 33 434 870.
The average cost per deal was $9 575 000.
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 14.22% in manats and 14.26% in USD on 90-day instrument. /APA/