Results of 21 February Exchange’s Trading Session at BBVB Announced

Business Materials 21 February 2008 21:46 (UTC +04:00)

Azerbaijan, Baku, 21 February / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 21 February, the average sustained exchange rate of USD/AZN totaled AZN 0.8440 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 0.8438 to $1.

The deal on USD/AZN T+0 tool amounted to AZN 168,800. As a result of the session, the AZN rate dropped by 0.0002 pint and made 0.8440 1 USD.

During the daily session at BEST, no deals with USD/AZN T+0 tool were fixed. The AZN rate remained unchanged.

Therefore, the total amount of both trading sessions on USD made up $200,000 or AZN 168,800. Each deal constituted $200,000.

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.

The BakiBOR index, calculated on the basis of appeals by market makers on 90-day tools made up 15.17% in manats and 15.57% in dollars a year at the organized inter-bank credit market functioning at BEST system.

No deals were concluded at the organized inter-bank credit market functioning at BEST.