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ASB leads five bank-leaders of exchange currency market

Business Materials 3 September 2010 15:39 (UTC +04:00)
On results of trades in currency section on tool USD/AZN_TOD Baku Interbank Currency Exchange (Baki Banklararasi Valyuta Birjasi – BBVB) defined five banks – leading operators of exchange market of hard currency on August 2010, BBVB reported.
ASB leads five bank-leaders of exchange currency market

Azerbaijan, Baku, Sept. 3 / Trend /

On results of trades in currency section on tool USD/AZN_TOD Baku Interbank Currency Exchange (Baki Banklararasi Valyuta Birjasi - BBVB) defined five banks - leading operators of exchange market of hard currency on August 2010, BBVB reported.

Joint-Stock Commercial Bank "ASB" has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by him. "UniBank", "AccessBank", "AGBank" and "Yapi Kredi Bank 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 hard currency in August 2010.*

BANKS

FROM TOTAL VOLUME, (%)

"ASB"

59.11%

"UNIBANK"

17.69%

"AccessBank"

8.29%

"AGBank"

3.87%

"Yapi Kredi Bank Azerbaijan"

3.45%

The figures do not include transactions of the Central Bank of Azerbaijan.

In total 13 banks have taken part in the trades of currency section of the BBVB in August 2010. In accounting month in "Bourse E-System of Trades" (BEST) 44 trading sessions are conducted and 35 transactions are registered.

The total volume of trades of currency section in accounting month on USD/AZN has made 48,424 million manats or $60,186 millions. And also the turnover on tool Swap_USD/AZN_TOD_1Week has made 19,345 million manats or 24.0 millions in dollar equivalent. The average rate of dollar to manat on this tool has made 0.8061 manats.

In comparison with indicators of June in accounting month the total volume of trades in currency section has grown on 40.5 million manat. The average daily turnover in "Bourse E-System of Trades" on USD/AZN reached approximately $ 2.736 millions, then that the average volume of each transaction has made $ 1,720 millions.

The exchange rate of national currency on tool USD/AZN_TOD in accounting month has decreased on 0.05% from 0.8035 to 0,8039 for $1. Thus the US dollar average rate in consideration to manat has made in August 0.8036 manat for $1, against 0.8026 manat following the July results of current year.

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