Deals of $5.74m concluded at BICEX, Dec. 15

Deals of $5.74m concluded at BICEX, Dec. 15
# 15 December 2006 14:52 (UTC +04:00)
The weighted average exchange price made up 0.8720 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 0.8720 AZN/USD and deals of AZN 2 694 480 were closed on USD/AZN T+0 instrument. The manat exchange remained unchanged against US dollar.
Deals of AZN 2 310 800 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8720 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $5.74m or AZN 5 005 280.
The average cost per deal was $820 000.
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 15.35% in manats and 15.70% in USD on 90-day instrument. /APA/