Azerbaijan, Baku / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 16 August, the average sustained exchange rate of USD/AZN totaled AZN 0.8518 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 0.8519 to $1. Deals on USD/AZN T+0 tool amounted to AZN 852,100. As a result of the session, the AZN rate dropped by 0.0002 points and made up AZN 0.8521 to $1.
During the daily session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 685,458. The average sustained rate of the day sessions comprised AZN 0.8515 to $1.
Therefore, the total amount of both trading sessions on USD made up $1.805mln or AZN 1,537,558. Each deal constituted $601,667.
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 EUR/AZN and RUB/AZN tools at BEST.
The BakiBOR index, calculated on the basis of appeals by market makers on 90-day tools made up 14.86% in manats and 15.43% in dollars a year at the organized inter-bank credit market functioning at BEST system.
No deals were concluded at the organized inter-bank credit market functioning at BEST.