Baku, Azerbaijan, April 5
The total trading volume in the currency section on USD / AZN totaled 24.41 million manat or $31.122 million in Bourse E-System of Trades (BEST) at Baku Interbank Currency Exchange (BBVB) in March, BBVB reported on April 5.
Six banks took part in the trades of the BBVB currency section. Some 30 trading sessions were held and 12 transactions were registered in Bourse E-System of Trades (BEST).
The trading volume in the currency section increased by 3.28 million manat or 16 percent in March.
The average daily turnover in the exchange electronic trading system on USD / AZN in March reached about $2.075 million, while the average amount of each transaction was $2.594 million.
The exchange rate of national currency on USD / AZN_TOD in the reporting month remained unchanged and hit 0.7830 manat per USD. The average rate of the U.S. dollar compared to manat hit 0.7843 manat per $1 in March.
The average monthly interest rate calculated on the basis of the applications of banks-market makers for BakIBOR loans up to 90 days in March amounted to 10.21 percent per annum in manat and 10.52 percent per annum in U.S. dollars. The rate on BakIBID up to 90 days was 5.18 percent per annum in manat and 5.04 percent in U.S. dollars.
translated by NH