Results of 13 September Exchange’s Trading Session at BBVB Announced

Business Materials 14 September 2007 11:59 (UTC +04:00)

Azerbaijan, Baku / Trend / As a result of trading sessions held at the Baku Interbank Currency Exchange (BBVB) on 13 September, the average sustained exchange rate of USD/AZN totaled AZN 0.8519 to 1 USD.

The opening rate at the Electronic Exchange Trading System (BEST) was AZN 0,8520 per USD 1. No deal with USD/AZN T+0 tool was concluded. As a result of the session, the AZN rate remained unchanged.

During the noon session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 7,667,100. The average sustained rate of the day sessions comprised AZN 0.8519 to $1.

The total amount of both trading sessions on USD made up $9,000,000 or AZN 7,667,100 Each deal constituted $2,250,000.

Due to the absence of demand for dealers, no deal was concluded on USD/AZN T+1, T+2 and SWAP_USD/AZN tools. The banks did not place appeals on EUR/AZN and RUB/AZN tools at BEST

BakiBOR index, calculated on the basis of appeals by market makers on 90-day tools made up 14.56% in manats and 15.14% in dollars a year at the organized inter-bank credit market functioning at BEST system

No deal was concluded amongst banks on credit tools.