Azerbaijani foreign exchange market hits $ 940 mln in 2012
Azerbaijan, Baku, Jan. 9 / Trend /
In December 2012, the total volume of currency section of the Baku Interbank Currency Exchange (BBVB) on USD / AZN reached 63.73 million manat or 81.223 million in dollars, the exchange said today.
The total volume of trading in currency increased by 1.927 million manat or 3 percent during this period compared to November.
The average daily turnover in stock exchange electronic trading system on USD / AZN in December reached about $3.692 million, while the average amount of each transaction was $2.461 million.
Around 13 banks participated in the currency trades. Around 44 trading sessions were conducted and 33 transactions were registered in "Bourse E-System of Trades" (BEST) during this month.
As of 2012, the total volume of electronic trading with foreign currencies at BBVB was 738.149 million manat. The total trading volume on the U.S. dollar in BEST hit 737.837 million manat ($ 940 million).
The trading volume on EUR / AZN in 2012 was 0.312 million manat (0.3 million EUR).
Around 486 trading sessions were conducted in the BEST system in 2012. Some 20 banks participated there.
The exchange rate of national currency on USD / AZN_TOD in the reporting period dropped by 0.23 percent - from 0.7838 manat to 0.7856 manat per USD. The average exchange rate of the U.S. dollar compared to the manat was 0.7846 manat per $1 in December 2012.