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Deals of $2.7m concluded at BICEX, Nov.28

28 November 2006 14:57 (UTC +04:00)

The weighted average exchange price made up 0.8718 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 0.8723 AZN/USD and deals of AZN 2 354 160 were concluded on USD/AZN T+0 instrument. The average exchange rate of manat rose 0.0005 against USD and stood at 0.8718 AZN/USD at the end of session.
According to the results of the sessions, the total volume of the trades on USD/AZN instrument amounted to $2.7m or AZN 2 354 160.
The average cost per deal was $675 000.
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 15.00% in manats and 15.20% in USD on 90-day instrument. /APA/