Azerbaijan, Baku / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 28 August, the average sustained exchange rate of USD/AZN totaled AZN 0.8508 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 0.8509 to $1. The amount of deal on USD/AZN T+0 tool was fixed at AZN 51,168. As a result of the session, the AZN rate remained unchanged.
During the daily session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 6,848,940. The average sustained rate of the day sessions comprised AZN 0.8508 to $1.
Therefore, the total amount of both trading sessions on USD made up $8,110,000mln or AZN 6,900,108. Each deal constituted $1,013,750.
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 14.93% in manats and 14.93% in dollars a year at the organized inter-bank credit market functioning at BEST system.
Two deals were concluded at the organized inter-bank credit market functioning at BEST in amount of AZN 700,000 and $500,000 under 16% and 17% a year for a period of 360 and 30 days.