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Deals of $38.87 million concluded on BICEX, March 11

11 March 2009 15:12 (UTC +04:00)

Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8048 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 0.8048 AZN/USD and deals of AZN 7 323 680 were closed on USD/AZN T+0 instrument.
Deals of AZN 23 958 896were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8048 AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $38.87 million or AZN 31 282 576.
The average cost per deal was $4 858 750.
In the interbank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 15.64% in manats and 16.21% in USD on 90-day instrument.