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Deals of $4.85 million concluded on BICEX, May 20

20 May 2009 15:32 (UTC +04:00)

Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8033 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 0.8031 AZN/USD and deals of AZN 2 772 645 were closed on USD/AZN T+0 instrument.

Deals of AZN 1 124 940 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8033 AZN/USD.

According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $4.85 million or AZN 3 897 585.
The average cost per deal was $1 212 500.

In the interbank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 15.88% in manats and 16.38% in USD on 90-day instrument.