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Results of 12 February Exchange’s Trading Session at BBVB Announced

Business Materials 12 February 2008 19:55

Azerbaijan, Baku, 12 February / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 12 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 0.8440 to $1. The amount of the deals concluded on USD/AZN T+0 tool comprised AZN 337,680. As a result of the session, the AZN rate dropped by 0.0002 points and made up AZN 0.8442.

During the daily session at BEST, deals with USD/AZN T+0 tool were fixed in the amount of AZN 1,722,982. The average sustained rate of the day sessions comprised AZN 0.8439 to $1.

Therefore, the total amount of both trading sessions on USD made up $2,441,000 or AZN 2,060,662. One deal totalled $813,666.

Due to the absence of demand from 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 15.44% in manats and 16.19% 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.

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