ASB Bank leads Azerbaijan's exchange currency market

ASB Bank leads Azerbaijan's exchange currency market

Azerbaijan, Baku, Apr. 2 / Trend /

As a result of currency auctions on USD/AZN_TOD in March 2010 on Baku inter-bank currency exchange, Joint-stock commercial ASB Bank 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, the Baku inter-bank currency exchange reported.

Unibank, AGBank, Bank of Baku and Pasha Bank joined the number of leading dealers of organized currency market. 

The schedule of banks positions:

Bank

Percent of total volume

Azerbaycan Senaye Banki (ASB Bank)

51.78

Unibank

17.10

AGBank

16.85

Bank of Baku

10.38

Pasha Bank

1.51

Deals by the Central Bank of Azerbaijan are not taken into account.

About 10 banks participated in BBVB currency auctions in March 2010. About 34 trade sessions were conducted in Exchange E-Auction System in reported month. About 27 deals were registered. Total amount of currency auction on USD/AZN totaled 32,891 million manat or $40,942 million in the reported month.

Total amount of auction in currency section decreased 16.2 million manat or 33 percent in the reported month.

Daily turnover in exchange E-system of auction on USD/AZN reached $2,408 million. Average amount of each deal hits $2,408 million. In January-March the total turnover in exchange E-system of auction on USD/AZN reached 145,818 million mant.

Exchange rate of national currency in instrument USD / AZN_TOD in the report month remained at 0.8035 manat to $1. This average exchange rate of the dollar against the manat in March amounted to 0.8034 manat per $1 compared to 0.8030 manat in February 2010.

Apr. 2, the official exchange rate is 0.8034 manat to $1.

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