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ASB Bank leads Azerbaijan's exchange currency market in June

Business Materials 2 July 2010 13:45 (UTC +04:00)
s a result of currency auctions on USD/AZN_TOD in June 2010 on Baku inter-bank currency exchange (BBVB), Joint-stock commercial ASB Bank (Аzərbаycаn Sənаyе Bаnкı) 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.
ASB Bank leads Azerbaijan's exchange currency market in June

Azerbaijan, Baku, July 2 / Trend /

As a result of currency auctions on USD/AZN_TOD in June 2010 on Baku inter-bank currency exchange (BBVB), Joint-stock commercial ASB Bank  (Аzərbаycаn Sənаyе Bаnкı) 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, Pasha Bank, and  AccessBank joined the number of leading dealers of organized currency market. 

Summary table reflecting the banks in the market

Banks

Percent of total volume

ASB

39.65

"Unibank"

27.08

"Azəriqazbank"

21.97

"Pasa Bank"

5.03

"AccessBank"

3.99

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

Seven banks participated in BBVB currency auctions in June 2010. About 40 trade sessions were conducted in Exchange E-Auction System in reported month. About 29 deals were registered. Total amount of currency auction on USD/AZN totaled 34,276 million manat or $42,647 million in the reported month. Total amount of currency auction on EUR /AZN totaled 1,879 million manat

Total amount of auction in currency section hit 249  million manat in the reported month.

Daily turnover in exchange E-system of auction on USD/AZN reached $2,132 million. Average amount of each deal hits $1,471 million.

Exchange rate of national currency in instrument USD / AZN_TOD in the report month increased by 0.04 percent from 0.8037 manat to 0.8040 manat to $1. This average exchange rate of the dollar against the manat in June amounted to 0.8037 manat per $1 compared to 0.8036 manat per $1.

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