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Deals of $11.8mln closed on BICEX, Jan. 31

Deals of $11.8mln closed on BICEX, Jan. 31

31 January 2007 15:23 (UTC +04:00)

The weighted average exchange price made up 0.8703 AZN/USD at trading sessions on 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 0.8705AZN/USD and no deals were closed on USD/AZN T+0 instrument. The manat exchange remained unchanged against the US dollar.
Deals of AZN 10,269,510 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat against the US dollar was made 0.8705 AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $11.8mln or AZN 10,269,510.
The average cost per deal was $2,950,000.
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 14.20% in manats and 14.63% in USD on 90-day instrument. /APA/

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