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Deals of $17.06 million concluded on BICEX, April 2

02 April 2009 15:10 (UTC +04:00)

Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8029 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 0.8029 AZN/USD and deals of AZN 2 448 845 were closed on USD/AZN T+0 instrument.
Deals of AZN 11 248 629 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8029 AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $17.06 million or AZN 13 697 474.
The average cost per deal was $1 895 556.
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.
An interbank deal of AZN 1 million at an annual interest rate of 17.50% for 90 days was concluded.