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Deals of $2.63m closed on BICEX, March 1

01 March 2007 14:50 (UTC +04:00)

The weighted average exchange price made up 0.8688 AZN/USD at trading sessions on the Baku Interbank Currency Exchange today.
BICEX told APA that the opening price of the morning session on the BEST (Bourse E-system of Trades) was 0.8688 AZN/USD and deals of AZN 868,800 were closed on USD/AZN T+0 instrument. The manat exchange against the US dollar remained unchanged.
Deals of AZN 1,416,144 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat against the US dollar was made 0.8688 AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $2.63m or AZN 2,284,944.
The average cost per deal was $438,333.
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 14.51% in manats and 14.47% in USD on 90-day instrument.
Two interbank deals of AZN 200,000 and AZN 447,000 were closed for 31 and 90 days at the interest rates of 18% and 16% annually. /APA-Economics/