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IBA leads five bank-leaders of exchange currency market

Business Materials 2 November 2010 11:30 (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 October 2010, BBVB reported.
IBA leads five bank-leaders of exchange currency market

Azerbaijan, Baku, Nov. 1 / 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 October 2010, BBVB reported.

The International Bank of Azerbaijan (IBA) has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by him. "ASB", " Royal Bank ", "AccessBank", " Turan Bank " 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 October.

Banks

FROM TOTAL VOLUME, (%)

IBA

34.36%

ASB

25.21%

Yapi Kredi Bank Azerbaijan

9.40%

Royal Bank

4.50%

Turan Bank

4.27%

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 October 2010. In accounting month in "Bourse E-System of Trades" (BEST) 42 trading sessions are conducted and 27 transactions are registered.

The total volume of trades of currency section in accounting month on USD/AZN has made 46,816 million manats or $58,500 millions. And also the turnover on tool Swap_USD/AZN_ has made 334, 830 manat. The average rate of dollar to manat on this tool has made 1,1161 manats.

In comparison with indicators of September in accounting month the total volume of trades in currency section has grown on 21,573 million manat or 1.9 times.

The average daily turnover in "Bourse E-System of Trades" on USD/AZN reached approximately $ 2.786 millions, then that the average volume of each transaction has made $2,167 millions.

The exchange rate of national currency on tool USD/AZN_TOD in accounting month has consolidated on 0.5% from 0.8032 to 0,7994 for $1. Thus the US dollar average rate in consideration to manat has made in October 0.8003 manat for $1, against 0.8033 manat following the September results of current year.

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