Total volume of trades in currency section decreases by 24 percent
Azerbaijan, Baku, March 6 / Trend /
In total 9 banks have taken part in the trades of currency section of the Baku Interbank Currency Exchange (BBVB) in February 2013, BBVB said in its press release on Wednesday.
In accounting month in "Bourse E-System of Trades" (BEST) 40 trading sessions are conducted and 24 transactions are registered. The total volume of trades of currency section in accounting month on USD/AZN has made 32,384 million AZN or 41,277 million in dollar equivalent.
In comparison with indicators of January in accounting month the total volume of trades in currency section has decreased on 10,267 million AZN or 24%.
The average daily turnover in "Bourse E-System of Trades" on USD/AZN reached approximately $2,064 million, then that the average volume of each transaction has made $1,7220 million.
It is necessary to note, that exchange rate of national currency on tool USD/AZN_TOD in accounting month has decreased on 0,04% from 0,7834 to 0,7837 for 1 USD. Thus the US dollar average rate in consideration to manat has made in February, 2013 - 0,7845 AZN for 1 USD.
On results of February, 2013 the total amount of trades at Organized Interbank Credit Market functioning within the limits of system BEST made 2 million manat.
The average monthly rate expected on the basis of demands of market-makers banks on the credits of BakIBOR within 90 days on February of 2013 made 11,50% annual in manats and 12,11 annual in dollars of the USA. A rate of BakIBID on manat deposits within 90 days made 5,99% annual and 5,63% in US dollars.