ECONOMY
TRADES AT BICEX
Manat exchange rate remained unchanged. In the afternoon session, the volume of $300.000 was fixed. Thus, the weighted average exchange rate was 0,8985 AZN.
Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled $300.000 which in manat equivalent turned up 369 550 AZN. The average cost of one deal was $150.000. On USD/AZN T+1, T+2 instrument in BEST, no deals were closed because of lack of demand.
No deals were made on instrument RUR/AZN and EUR/AZN.
In the inter-bank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 14,63 in manats on 90 day-instruments, and 14,40 % in USD.
No deals on credit instrument between the banks were on May 31.