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BICEX turnover sinks 3-fold in April

BICEX turnover sinks 3-fold in April

05 May 2009 12:29 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. 132 deals were closed at 44trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during April.

Deals worth AZN 237.801 million ($296.107 million) in total were concluded among 28 banks, a threefold drop on a month ago.

Besides, SWAP_USD/AZN turnover was AZN 54.223 million or $67.4 million.
Average weighted exchange rate of the US dollar against the manat was 0.8045 manats. Turnover on EUR/AZN instrument was AZN 0.104 million.

The value per deal reached $2.243 million on average for USD/AZN.

Five banks- International bank of Azerbaijan (12.90%), Bank Respublika (8.13%), Azerbaijan Industry Bank (6.62%), Pasha Bank (5.56%), and Technikabank (4.93%) came ahead for the amount of deals in April.

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