TENDERS AT BICEX

31.08.2004 [20:46]
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The weighted average exchange prices made up 4901,04 manats for 1 US dollar in the Baku Interbank Currency Exchange on August 31.

The average-weighted dollar exchange rate was 4902,43 AZM/USD at the morning session on US currency today in the BEST (Bourse E-system of trades). The volume of deals closed by the banks totaled $150 thousand. Manat exchange rate dropped 1,57 points to 4904,00 for 1 US dollar.

In the afternoon session, the volume of 3 million 700 thousand was fixed. Thus, the weighted average exchange rate was 4900,92 manats.

Thus, the volume of trades for both sessions totaled $3 million 850 thousand, which in manat equivalent turned up 18,869 billion. The average cost of one deal was $ 385 000. On USD/AZM T+1, T+2 instrument in BEST, no deals were closed because of lack of demand.

Deals were not made on instrument RUR/AZM, EUR/AZM.

In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manats credits to total amount of 35,854 billion manats.

No deals on credit instrument between the banks were on August 31.

TENDERS AT BICEX

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