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.
Do you have any feedback? Contact our journalist at [email protected]