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Results of 6 June Exchange’s Trading Session at BBVB Announced

Business Materials 6 June 2008 20:58 (UTC +04:00)

Azerbaijan, Baku, 6 June / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 6 June, the average sustained exchange rate of USD/AZN totaled AZN 0.8146 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 0.8157 to $1. The deal on USD/AZN T+0 tool totaled AZN 81 450 000. As a result of the session, the AZN rate rose by 0.0012 points and made up AZN 0.8145 to 1 USD.

During the daily session at BEST, the deals with USD/AZN T+0 tool were fixed in the amount of AZN 1,390,745. The average sustained rate of the day sessions comprised AZN 0.8181 to $1

Therefore, the total amount of both trading sessions on USD made up $101,700,000 or AZN 82,840,745. Each deal constituted $25,425,000.

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.

The BakiBOR index, calculated on the basis of appeals by market makers on 90-day tools made up 15.75% in manats and 16.75% in dollars a year at the organized inter-bank credit market functioning at BEST system

Each of the two deals at the organized inter-bank credit market functioning at BEST totaled $2 900 000 under 15% rate.     

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