Deals of $2.8m concluded at BICEX, Dec. 27

Deals of $2.8m concluded at BICEX, Dec. 27
# 27 December 2006 14:54 (UTC +04:00)
The weighted average exchange price made up 0.8715 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 0.8716 AZN/USD and deals of AZN 697 200 were closed on USD/AZN T+0 instrument. The manat exchange rose by 0.0001 against US dollar and stood at 0.8715 AZN/USD.
Deals of AZN 1.743m were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat against the US dollar made 0.8715 AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $2.8m or AZN 2 440 200.
The average cost per deal was $350,000.
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 14.51% in manats and 14.90% in USD on 90-day instrument. /APA/