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Deals of $6.7m concluded at BICEX, Oct. 17

17 October 2006 14:55 (UTC +04:00)

The weighted average exchange price made up 0.8726AZN/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 0.8730 AZN/USD and deals of AZN 4 803 250 were closed on USD/AZN T+0 instrument. The manat exchange rose 0.0003 against US dollar and stood at 0.8727 AZN/USD at the end of the session.
Deals of AZN 1 047 050 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8724 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $6 700 000 or AZN 5 850 300.
The average cost per deal was $837 500.
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 14.80% in manats and 15.24% in USD on 90-day instrument. /APA/