Results of 8 February Exchange’s Trading Session at BBVB Announced

Business Materials 9 February 2008 13:22 (UTC +04:00)

Azerbaijan, Baku, 9 February / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 8 February, the average sustained exchange rate of USD/AZN totalled AZN 0.8441 to 1 USD.

The rate of USD/AZN at the opening of the morning session at the Bourse E-system of trades-BEST was AZN 0.8445 to $1. The amount of the deals concluded on USD/AZN T+0 tool comprised AZN 1,773,450. As a result of the session, the AZN rate increased by 0.0001 units and comprised AZN 0.8445 to $1.

During the daily session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 2,194,660. The average sustained rate of the day sessions comprised AZN 0.8441 to $1.

Therefore, the total amount of both trading sessions on USD made up $4,700,000 or AZN 3,968,110. One deal totalled $1,175,000.

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 RUB/AZN tools at BEST.

The BakiBOR index, calculated on the basis of appeals by market makers on 90-day tools made up 15.36% in manats and 16.21% in dollars a year at the organized inter-bank credit market functioning at BEST system.

No deal was concluded at the organized inter-bank credit market functioning at BEST.