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Volume of e-trades in currency doubles in Azerbaijan

Business Materials 8 July 2011 12:53
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 June 2011, the BBVB reported.
Volume of e-trades in currency doubles in Azerbaijan

Azerbaijan , Baku, July 8 /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 June 2011, the BBVB reported.

Azerbaijan Industry Bank has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by him.

International Bank of Azerbaijan, Xalq Bank, Unibank and AGBank 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 June 2011*.

BANKS

IN % FROM TOTAL VOLUME

"Azerbaijan Industry Bank"

31,31%

International Bank of Azerbaijan

14,30%

"Xalq" Bank

10,78%

"Unibank"

6,92%

"AGBank"

4,24%

*In the data are not considered transactions of the Central Bank of Azerbaijan

In total 15 banks have taken part in the trades of currency section of the BBVB in June 2011. In accounting month in "Bourse E-System of Trades" (BEST) 40 trading sessions are conducted and 41 transactions are registered. The total volume of trades of currency section in accounting month on USD/AZN has made 71,553 million manat or 90,883 millions in dollar equivalent.

In comparison with indicators of May in accounting month the total volume of trades in currency section has increased on 29,361 million manat or 70%. The average daily turnover in "Bourse E-System of Trades" on USD/AZN reached approximately $ 4,544 millions, then that the average volume of each transaction has made $ 2,215 millions.

As a whole, on results of January-June of this year, the volume of E-Trades with foreign currencies at BBVB has made 511,225 mln manat. .

It is necessary to note, that exchange rate of national currency on tool USD/AZN_TOD in accounting month has increased on 0.4% from 0,7891 to 0,7863 for 1 USD. Thus the US dollar average rate in consideration to manat has made in June 0,7873 manat for 1 USD, against 0,7900 AZN following the May results of current year.

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