Results of 28 February Exchange’s Trading Session at BBVB Announced

Business Materials 28 February 2008 19:09 (UTC +04:00)

Azerbaijan, Baku, 28 February / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 28 February, the average sustained exchange rate of USD/AZN totalled AZN 0.8431 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 0.8432 to $1. The amount of the deals concluded on USD/AZN T+0 tool comprised AZN 136,631. As a result of the session, the AZN rate decreased by 0.0002 units and comprised AZN 0.8434 to $1.

During the daily session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 3,510,697. The average sustained rate of the day sessions comprised AZN 0.8431 to $1.

Therefore, the total amount of both the trading sessions on USD made up $4,326,000 or AZN 3,647,327. One deal totalled $618,000.

Due to the absence of demand for the 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 15.08% in manats and 15.64% 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.