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Deals of $350 000 concluded on BICEX, Nov. 18

18 November 2008 14:28 (UTC +04:00)

Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8091 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 0.8091AZN/USD and deals of AZN 283 185 were closed on USD/AZN T+0 instrument.
No deals were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8091 AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $350000 or AZN 283 185.
The average cost per deal was $1 315 000.
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 16.00% in manats and 16.75% in USD on 90-day instrument.
An interbank deal of $600 000 was concluded between banks for 120 days at 16.00% annually.