ECONOMY
TRADES AT BICEX
The average-weighted dollar exchange rate was 0.8889 AZN/USD at the morning session on U.S. currency today in the BEST (Bourse E-system of trades).
On instrument USD/AZM T+0, deals were $6,050,000.
Manat exchange rate jumped 0.0001 points to make 0.8888.
In the afternoon session, the volume of $5,000,000 was fixed. Thus, the weighted average exchange rate was 0.8888 AZN
Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled $11,050,000 which in manat equivalent turned up 9,821,030 AZN.
The average cost of one deal was $2,762,500.
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 14.67 % in manats on 90 day-instruments, and 14.46 % in USD.
On credit instrument in BEST, three deals were closed - 900,000 AZN at 16 percent per annum, 200,000 AZN at 16 percent per annum, and 300,000 AZN at 17 percent per annum.