The Azerbaijan State News Agency

ECONOMY

TRADES AT BICEX

The weighted average exchange prices made up 4589,49 manats for 1 US dollar in the Baku Interbank Currency Exchange on December 27.

The average-weighted dollar exchange rate was 4590,00 AZM/USD at the morning session on US currency today in the BEST (Bourse E-system of trades). On instrument USD/AZM T the volume of deals was $1 million 757 thousand. Manat exchange rate dropped 1 point to AZM 4591 for 1 US dollar.

In the afternoon session, the volume of $12 mln 400 thousand was fixed. Thus, the weighted average exchange rate was 4589,25 manats.

Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled $14 mln 157 thousand, which in manat equivalent turned up 64 bln 975 mln. The average cost of one deal was 1 769 625 manats . On instrument EUR/AZM, RUR/AZM in the BEST deals were not closed.

In the inter-bank credit market functioning in the framework of BEST, BakiBOR index counted on the requests made by market makers constituted 15,05 percent in manat equivalent for 90-day instruments and 15,34 percent - in dollar equivalent. No deals on credit instrument between the banks were on December 27.

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