Results of 13 December Exchange’s Trading Session at BBVB Announced

Business Materials 13 December 2007 21:08 (UTC +04:00)

Azerbaijan, Baku / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 13 December, the average sustained exchange rate of USD/AZN totalled AZN 0.8444 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 0.8446 to $1. The amount of the deals registered on USD/AZN T+0 tool made up AZN 845,900. As a result of the session, the AZN rate dropped by 0.0013 points comprising AZN 0.8459 per USD 1.

During the daily session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 12,060,204. The average sustained rate of the day sessions comprised AZN 0.8443 to $1.

Therefore, the total amount of both trading sessions on USD made up $15,285,000or AZN 12,906,104. Each deal constituted $1,698,333.

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 15.13% in manats and 15.75% in dollars a year at the organized inter-bank credit market functioning at BEST system.

No deal was concluded at the organized inter-bank credit market functioning at BEST.

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