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Results of 4 September Exchange’s Trading Session at BBVB Announced

Business Materials 5 September 2007 10:52 (UTC +04:00)

Azerbaijan, Baku / Trend / As a result of trading sessions held at the Baku Interbank Currency Exchange (BBVB) on 4 September, the average sustained exchange rate of USD/AZN totaled AZN 0.8516 to 1 USD.

Deals with USD/AZN T+0 tool made up AZN 110,812. As a result of the session, the AZN rate remained unchanged.

During the noon session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 2,819,944. The average sustained rate of the day sessions comprised AZN 0.8516 to $1.

The total amount of both trading sessions on USD made up $ 3,440,000 or AZN 1,930,756. Each deal constituted $688,000.

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.

BakiBOR index, calculated on the basis of appeals by market makers on 90-day tools made up 14.79% in manats and 15.07% in dollars a year at the organized inter-bank credit market functioning at BEST system

No deal was concluded among banks on credit tools.

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