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TOTAL TURNOVER OF OICM IN 2005 MAKES UP 367,827m AZM

Business Materials 27 June 2005 11:57 (UTC +04:00)

As of last week, the deals concluded at the Baku Interbank Currency Exchange (BBVB) summed up $15.895m. BBVB told Trend the turnover of BEST in June ($42,542m) comprised 159,644% of the turnover fixed in May ($26,648m), 45,304% of the turnover fixed fixed in March 2005 ($93,904m) and 43,592% of the 2004 record in March ($97,59m), as well as 42,361% of the BEST record in December 2003 ($100,428m).

The USD turnover in 2005 ($367,827m) now comprises 40,377% of the 2004 record turnover ($910,973m) and 84,918% of the 2003 turnover ($433,157m).

Date

Instruments

Rate

Net Chng

Volume in Foreign Currency

Volumein AZM (mln.)

Banks

Deals

20.06.2005

USD/AZM TODAY (T+0)

4722,5

7 102 000

33539.195

21.06.2005

USD/AZM TODAY (T+0)

4719.50

-3.00

4 245 000

20035.083

7

6

22.06.2005

USD/AZM TODAY (T+0)

4722.00

+2.50

1 332 000

6289.740

6

6

23.06.2005

USD/AZM TODAY (T+0)

4718.00

-4.00

1 566 000

7388.39

5

4

24.06.2005

USD/AZM TODAY (T+0)

4718.00

0.00

1 470 000

6935.460

5

5

On 20 June a SWAP_USD/AzM_TOD_TOM deal was concluded at the sum of $6m. No deal with the Russian RUR and euro was concluded this week.

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