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Deals of $475 000 concluded on BICEX, Sep. 1

01 September 2008 15:12 (UTC +04:00)

Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8124 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 0.8124 AZN/USD and no deals were closed on USD/AZN T+0 instrument. Deals of AZN 386 650 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8124AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $475 000 or AZN 386 650.
The average cost per deal was $5 000.
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 16.14% in manats and 17.00% in USD on 90-day instrument.