TENDERS AT BICEX

28.09.2004 [22:07]
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The weighted average exchange prices made up 4908 manats for 1 US dollar in the Baku Interbank Currency Exchange on September 28.

The average-weighted dollar exchange rate was 4907,72 AZM/USD at the morning session on US currency today in the BEST (Bourse E-system of trades). Volume of USD/AZM T+0 made up 450 thousand dollars. Manat exchange rate dropped 0,28 points to 4908 for 1 USD.

In the afternoon session, the volume of 3 million 518 thousand was fixed. Thus, the weighted average exchange rate was 4908 manats.

Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled $3 million 968 thousand, which in manat equivalent turned up 19 billion 775 million. The average cost of one deal was $360 727. 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 37,846 billion manats.

No deals on credit instrument between the banks were on September 28.

TENDERS AT BICEX

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