Deals of $10.174m concluded at BICEX, Dec. 20

Deals of $10.174m concluded at BICEX, Dec. 20
# 20 December 2006 15:59 (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 0.8718 AZN/USD and deals of AZN 448,054 were closed on USD/AZN T+0 instrument. The manat exchange rose 0.0001 against US dollar.
Deals of AZN 8 420 622 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8717 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $10.174m or AZN 8 868 675.
The average cost per deal was $410,000.
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.
Three interbank deals of USD0.5m, USD 2m and EUR 0.25m for 29, 31 and 31 days respectively were concluded. The annual interest rates for the deals were 14%, 14.25% and 15%. /APA/