Deals of $14.5m concluded at BICEX, Nov.14

Deals of $14.5m concluded at BICEX, Nov.14
# 14 November 2006 15:58 (UTC +04:00)
The weighted average exchange price made up 0.8726 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 deals of AZN 12 495 632 were concluded on USD/AZN T+0 instrument. The average exchange rate of manat fell by 0.0004 against USD and stood at 0.8726 AZN/USD at the end of session.
Deals of AZN 199 840 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8724 AZN/USD
According to the results of the sessions, the total volume of the trades on USD/AZN instrument amounted to $14.549m or AZN 12 695 472.
The average cost per deal was $3 637 250.
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 14.51% in manats and 14.63% in USD on 90-day instrument. /APA/