The Azerbaijan State News Agency

ECONOMY

TENDERS AT BICEX

The weighted average exchange prices made up 0, 9173 manats for 1 US dollar in the Baku Interbank Currency Exchange on January 16.

The average-weighted dollar exchange rate was 0,9178 AZN/USD at the morning session on US currency today in the BEST (Bourse E-system of trades).

On instrument USD/AZN T+0 deals were $581 thousand. Manat exchange rate jumped 0,0005 points to make 0,9173 AZN.

In the afternoon session, the volume of $625 thousand was fixed. Thus, the weighted average exchange rate was 0, 9174 AZN.

Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled $ 1 mln 206 thousand, which in manat equivalent turned up 1 mln 106 thousand AZN.

The average cost of one deal was $201 thousand. On USD/AZN T+1, T+2 instrument in BEST, no deals were closed because of lack of demand.

No deals were made on instrument RUR/AZN and EUR/AZN.

In the inter-bank credit market functioning in the framework of BEST, BakiBOR index selling by market-makers made up 15,05% on 90 days instruments in manats, and 15,34% of annual in USD.

No deals on credit instrument between the banks were on January 16.

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