Baku, Azerbaijan, Jan. 12
According to the Baku Interbank Currency Exchange (BBVB), the total trading volume in the USD / AZN (spot) currency section in December 2014 was 29.927 million AZN or $38.149 million.
Five banks participated in the auction with around 15 transactions at 42 trading sessions in Bourse E-System of Trades (BEST) in December 2014.
The trading volume in the currency section decreased by 22 percent or by 8.662 million AZN in December compared to November.
The average daily turnover in e-trading USD /AZN system was approximately $1.425 million in December, while the average amount of each transaction - $1.995 million.
The national currency exchange rate in USD/AZN TOD in the reporting month remained unchanged - 0.7829 AZN for $1. The average rate of dollar versus AZN was 0.7845 AZN in December 2014.
The average monthly interest rate calculated on the basis of banks-market makers' bids for BakiBOR loans for up to 90 days, amounted to 10.67 percent per annum in AZN and 10.3 percent per annum in dollars in December 2014. BakiBID rate up to 90 days was 5.48 percent per annum in AZN and 5.07 percent in dollars.
The official exchange rate is 0.7844 AZN/USD on Jan. 12.
Edited by CN