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Results of 14 September Exchange’s Trading Session at BBVB Announced

Business Materials 15 September 2007 13:38 (UTC +04:00)

Azerbaijan, Baku / Trend / As a result of trading sessions held at the Baku Interbank Currency Exchange (BBVB) on 14 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 0,8519 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 2,555,700. 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 $3,000,000 or AZN 2,555,700 Each deal constituted $1,000,000.

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 15.31% in manats and 14.93% in dollars a year at the organized inter-bank credit market functioning at BEST system

Two deals were fixed at the organized credit market functioning at BEST system in the amount of AZN 220,000 and US $2,500,000 under rate of 16% and 9.70% a year for the term of 120 and 60 days.

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