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Results of 18 March Exchange’s Trading Session at BBVB Announced

Business Materials 18 March 2008 19:25 (UTC +04:00)

Azerbaijan, Baku, 18 March / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 18 March, the average sustained exchange rate of USD/AZN totalled AZN 0.8365 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 0.8367 to $1. No deal was concluded on USD/AZN T+0 tool. 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 32,065,826. The average sustained rate of the day sessions comprised AZN 0.8365 to $1.

Therefore, total amount of both the trading sessions on USD made up $38,327,000 or AZN 32,065,826. One deal totalled $4,790,875.

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 15.00% in manats and 15.67% in dollars a year at the organized inter-bank credit market functioning at BEST system.

The deals with EUR/AZN T+0 tool were fixed in the amount of AZN 330,500. The average sustained rate comprised AZN 1.322 per 1 EUR.

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