Results of 16 July Exchange’s Trading Session at BBVB Announced
Azerbaijan, Baku / Trend / As a result of trading sessions held at the Baku Interbank Currency Exchange (BBVB) on 16 July, the average sustained exchange rate of USD/AZN totaled AZN 0.8533 to USD 1.
The rate of USD/AZN at the moment of the morning session's opening at the Bourse E-system of trades-BEST was AZN 0.8534 to $1. The deals on USD/AZN T+0 tool were not made. As a result of the session, the AZN rate remained unchanged.
During the day session at BEST, the deal with USD/AZN T+0 tool was fixed in the amount of AZN 8,026,644. The average sustained rate of the day sessions comprised AZN 0.8533to $1.
Therefore, the total amount of both trading sessions on USD made up $ 9,405,000 or AZN 8,026,644. Each deal constituted $2,351,250.
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 deal with EUR/AZN T+0 tool was fixed in the amount of AZN 3,004,920. The average sustained rate of the day sessions comprised AZN 1.1781 to €1.
The banks did not place appeals on RUB/AZN tools at BEST.
BakiBOR index, calculated on the basis of appeals by market makers on 90-day tools made up 14.20% in manats and 14.63% in dollars a year at the organized inter-bank credit market functioning at BEST system. Deals on credit tools at the exchange were not concluded amongst the banks.
Two deals were concluded at the organized inter-bank credit market functioning at BEST in amount of AZN 500,000 and AZN 1,000,000 under annual interest rates of 15% and 16%.