Bank Of Baku

Deals of $4.670 million concluded on BICEX, May 7

Deals of $4.670 million concluded on BICEX, May 7
# 07 May 2009 14:33 (UTC +04:00)
Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8030 AZN/USD at trading sessions on the Baku Interbank Currency Exchange today.

BICEX said the opening price of the morning session on the BEST (Bourse E-system of Trades) was 0.8032 AZN/USD and no deals were closed on USD/AZN T+0 instrument.

Deals of AZN 3 751 612 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8030 AZN/USD.

According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $4.670 or AZN 3 751 612.
The average cost per deal was $2 335 000.

In the interbank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 15.75% in manats and 16.25% in USD on 90-day instrument.
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