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Results of 5 March Exchange’s Trading Session at BBVB Announced

Business Materials 5 March 2008 20:12 (UTC +04:00)

Azerbaijan, Baku, 5 March / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 5 March, the average sustained exchange rate of USD/AZN totalled AZN 0.8429 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 0.8428 to $1. The deals concluded on USD/AZN T+0 tool totalled AZN 139,112. As a result of the session, the AZN rate remained unchanged.

During the daily session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 387,780. The average sustained rate of the day sessions comprised AZN 0.8429 to $1.

Therefore, the total amount of both the trading sessions on USD made up $625,000 or AZN 526,892. One deal totalled $156,250.

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 14.92% in manats and 15.75% 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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