ECONOMY
TRADES AT BICEX
The average-weighted dollar exchange rate was 0.9037 AZN at the morning session on US currency today in the BEST (Bourse E-system of trades). On instrument USD/AZM T+0, the volume of deals totaled $75,000.
Manat exchange rate moved down 0.0003 points to settle at 0.9040 AZN.
In the afternoon session, the volume of $565,000 was fixed.
The weighted average exchange rate was 0.9039 AZN for one US dollar.
Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled $640,000 which in manat equivalent turned up 578 556 AZN. The average cost of one deal was $160,000.
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.
In the inter-bank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 14.95% in manats on 90 day-instruments, and 14.58% in USD.
No credit instrument in the BEST, $700,000 deal was closed at 10 percent interest rate.
The term of crediting was 60 days.