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Deals of $300 000 concluded at BICEX, Nov.23

23 November 2006 15:28 (UTC +04:00)

The weighted average exchange price made up 0.8717 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 0.8715 AZN/USD and deals of AZN 261 510 were concluded on USD/AZN T+0 instrument. The average exchange rate of manat fell by 0.0002 against USD and stood at 0.8717 AZN/USD at the end of session.
According to the results of the sessions, the total volume of the trades on USD/AZN instrument amounted to $300 000 or AZN 261 510.
The average cost per deal was $300 000.
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 14.60% in manats and 14.76% in USD on 90-day instrument. /APA/