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ECONOMY

TRADES AT BICEX

03.05.2006 [18:24]
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The weighted average exchange prices made up 0.9026 AZN for 1 US dollar in the Baku Interbank Currency Exchange on May 3.

The average-weighted dollar exchange rate was 0.9028 AZN at the morning session on US currency today in the BEST (Bourse E-system of trades). On instrument USD/AZM T+0, deals were in 458.000 dollar. Manat exchange rate made 0,9026 AZN for one dollar.

In the afternoon session, the volume of $1,650,000 was fixed.

The weighted average exchange rate was 0.9028 AZN for one US dollar.

Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled $ 458.000 which in manat equivalent turned up 413 567 AZN. The average cost of one deal was $ 114 500.

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 14.62% in manats on 90 day-instruments, and 14.60% in USD.

No deals on credit instrument between the banks were on May 3.

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