Turnover of foreign currency in BBVB exceeds $ 60 million
Azerbaijan, Baku, March 3 / Trend /
As a result of currency auctions on USD/AZN_TOD in February 2010 on Baku inter-bank currency exchange, Joint-stock commercial ASB was at the top of five banks-leaders of exchange currency market in accordance with share of concluded deals in summary turnover of currency auctions
Bank of Baku, Pasha Bank, International Bank of Azerbaijan and AGBank joined the number of leading dealers of organized currency market.
|
Banks |
Percent of total volume |
|
ASB |
26.90 |
|
International Bank of Azerbaijan |
21.11 |
|
Bank of Baku |
8.58 |
|
PASHA Bank |
6.37 |
|
AGBank |
5.97 |
Deals by the Central Bank of Azerbaijan are not taken into account.
About 15 banks participated in BBVB currency auctions in February 2010. About 40 trade sessions were conducted in Exchange E-Auction System in reported month. About 74 deals were registered. Total amount of currency auction on USD/AZN totaled 49,071 million manat or $161,107 million in the reported month.
Total amount of auction in currency section decreased $14.8 million or 23.2 times compared to indices of January in the reported month.
Daily turnover in exchange E-system of auction on USD/AZN reached $3.055 million. Average amount of each deal hits $1,389 million.
Exchange rate of national currency in instrument USD / AZN_TOD in the report month rose to 0.14 percent - from 0.8035 to 0.8024 manat to $1. This average exchange rate of the dollar against the manat in February amounted to 0.8030 manat per $1 compared to 0.8028 manat in January 2010.
