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Volume of currency trading tripled in BBVB

Business Materials 2 December 2010 11:04 (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 in November 2010, BBVB reported.
Volume of currency trading tripled in BBVB

Azerbaijan, Baku, Dec. 2 / 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 in November 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, Yapi Kredi Bank Azerbaijan, Unibank and PASHA Bank 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 November.

Baks

FROM TOTAL VOLUME, (%)

IBA

36.28%

ASB

18.38%

Yapi Kredi Bank Azerbaijan

5.88%

Unibank

3.46%

PASHA Bank

3.09%

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

In total 16 banks have taken part in the trades of currency section of the BBVB in November 2010. In accounting month in "Bourse E-System of Trades" (BEST) 38 trading sessions are conducted and 67 transactions are registered.

The total volume of trades of currency section in accounting month on USD/AZN has made 140,792 million manats or $176,140 millions. The total trading volume in the currency section rose by 93.976 million manat, or three-fold.

The average daily turnover in "Bourse E-System of Trades" on USD/AZN reached approximately $ 4.635 millions, then that the average volume of each transaction has made $2,629 millions.

The exchange rate of national currency on tool USD/AZN_TOD in accounting month has consolidated on 0.04 percent from 0.7994 to 0.7991for $1. Thus the US dollar average rate in consideration to manat has made in November 0.7993 manat for $1, against 0.8033 manat following the October results of current year.

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