Results of 29 April Exchange’s Trading Session at BBVB Announced

Business Materials 29 April 2008 20:05 (UTC +04:00)

Azerbaijan, Baku, 29 April/ Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 29 April, the average sustained exchange rate of USD/AZN totalled AZN 0.8282 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 0.8285 to $1. The amount of deals concluded on USD/AZN T+0 tool comprised AZN 3,272,306. As a result of the session, the AZN rate rose by 0.0004 points and made up AZN 0.8281 per USD 1.

During the daily session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 1,507,516. The average sustained rate of the day sessions comprised AZN 0.8282 to $1.

Therefore, the total amount of both trading sessions on USD made up $5,770,000 or AZN 4,779,876. One deal averaged $824,286.

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 16.25% in manats and 16.88% 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.