Deals of $4.6m concluded at BICEX, Dec. 13

Deals of $4.6m concluded at BICEX, Dec. 13
# 13 December 2006 13:29 (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 0.8721 AZN/USD and deals of AZN 2 180 250 were closed on USD/AZN T+0 instrument. The manat exchange remained unchanged against US dollar.
Deals of AZN 1 831 410 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 $4.6m or AZN 4 011 660.
The average cost per deal was $920 000.
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 15.16% in manats and 15.42% in USD on 90-day instrument. /APA/
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