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Results of 22 April Exchange’s Trading Session at BBVB Announced

Business Materials 22 April 2008 19:16 (UTC +04:00)

Azerbaijan, Baku, 22 April/ Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 22 April, the average sustained exchange rate of USD/AZN totalled AZN 0.8279 to 1 USD.

The rate of USD/AZN, at the opening of morning session at the Bourse E-system of trades-BEST,

was AZN 0.8286 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, deals with USD/AZN T+0 tool were fixed at AZN 190,428. The average sustained rate of the day sessions comprised AZN 0.8279 to $1.

Therefore, total amount of both the trading sessions on USD made up $230,000 or AZN 190,428, and $115,000 on average.

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 16.29% in manats and 17.00% 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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