Azerbaijani manat-U.S. dollar exchange rate increases by 0.3 percent in Jan.
Azerbaijan, Baku, Feb. 1 / Trend /
The total volume of trades of currency section in Jan. 2013 on USD/AZN hit 42.651 million manat or 54.366 million in dollar equivalent, BBVB said today.
The total volume of trades in currency section decreased by 33 percent in January compared to December 2012.
The total volume of trades in currency section decreased by 34 percent compared to Jan. 2012.
The average daily turnover in "Bourse E-System of Trades" on USD/AZN reached approximately $ 2.861 million, then that the average volume of each transaction made $ 2.471 million.
Around 8 banks participated in the currency trades. Around 38 trading sessions were conducted and 22 transactions were registered in "Bourse E-System of Trades" (BEST) during this month.
The turnover on tool EUR/AZN hit 523,600 manat.
The euro-manat average rate on this tool hit 1.0472 manat.
It is necessary to note, that exchange rate of national currency on USD/AZN_TOD in accounting month increased by 0.3 percent from 0,7856 to 0,7834 for $1. Thus the US dollar average rate in consideration to manat made 0,7845 AZN for 1 USD in January, 2013, compared to 0,7846 AZN as of December, 2012.
As of January, 2013 the total amount of trades at Organized Interbank Credit Market functioning within the limits of system BEST made 5 million manat.
The average monthly rate expected on the basis of demands of market makers banks on the credits of BakiBOR within 90 days in January 2013 made 11.39 percent annual in manat and 12.36 annual in dollar. A rate of BakiBİD on manat deposits within 90 days made 5.54 percent annual and 5.30 percent in US dollars.