Bank Respublika becomes exchange currency market leader in February

Azerbaijan, Baku, March 6 / Trend . N.Ismayilova/

On results of trades in currency section of Baku Interbank Currency Exchange defined five banks - leading operators of exchange market of easily converted currency on February 2009

Joint-stock Commercial Bank "Bank Respublika" has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by him in the total turnover of trades of currency section. CJSC "Bank Standard", Joint-stock Commercial Bank, Open Joint-stock Company "Unibank" and International Bank of Azerbaijan also included in the number of the leading dealers of organized currency market.

In accordance with it below is the list of banks - the leading operators of exchange market of easily converted currency in February 2009:

In the data are not considered transactions of the National Bank of Azerbaijan

The total of trades of currency section of BBVB took part 26 banks in trades on February 2009. In accounting month in "Bourse E-System of Trades" (BEST) 40 trading sessions are conducted and 151 transactions are registered.

The total volume of trades of Currency section has made 334,663 million manat or 414,908 millions in dollar equivalent in accounting month on USD/AZN. And also the turnover on tool Swap_USD/AZN_TOD_1 Month has made 46.4 million manat or 57.4 millions in dollar equivalent.

We notice, that the average rate of dollar to manat on this tool has made 0.8085 manat. The turnover on tool EUR/AZN has made 0,362 million manat. In comparison with indicators of January in accounting month the total volume of trades in currency section was 12.8 times more.

So, the average daily turnover in "Bourse E-System of Trades" on USD/AZN reached approximately $ 20.7 millions, then that the average volume of each transaction has made $ 2,748 millions.

It is necessary to note, that exchange rate of national currency on tool USD/AZN_TOD strengthened on 0.06 percent from the beginning of the month, moreover the average rate of dollar to manat has made 0.8063 manat for $ on February, against 0.8037 manat on results of January of this year.