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Currency turnover on BICEX decreases by 46% in August

03 September 2010 13:50 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Total volume of July of this year of e-trades with foreign currencies at BICEX has made AZN 48,424 million. On results of trades in currency section on tool USD/AZN_TOD Baku Interbank Currency Exchange - BICEX defined five banks â€“ leading operators of exchange market of hard currency on August 2010.

Joint-Stock Commercial Bank â€œAIBâ€ has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by him. Joint-Stock Commercial Bank â€œUniBankâ€, Joint-Stock Commercial Bank â€œAccessBankâ€, Joint-Stock Commercial Bank â€œAGBankâ€ and Joint-Stock Commercial Bank â€œYapi Kredi Bank Azerbaijanâ€ also included in the number of the leading dealers of organized currency market. In accordance with it below is the list of banks â€“ the leading operators of exchange market of hard currency in August 2010.*

In total 13 banks have taken part in the trades of currency section of the BBVB in August 2010. In accounting month in â€œBourse E-System of Tradesâ€ (BEST) 44 trading sessions are conducted and 35 transactions are registered.

The total volume of trades of currency section in accounting month on USD/AZN has made 48,424 million manats or 60,186 millions in dollar equivalent. And also the turnover on tool Swap_USD/AZN_TOD_1Week has made 19,345 million manats or 24,0 millions in dollar equivalent. We notice, that the average rate of dollar to manat on this tool has made 0,8061 manats.

In comparison with indicators of June in accounting month the total volume of trades in currency section has grown on 40,5 million AZN. The average daily turnover in â€œBourse E-System of Tradesâ€ on USD/AZN reached approximately $ 2,736 millions, then that the average volume of each transaction has made $ 1,720 millions.

It is necessary to note, that exchange rate of national currency on tool USD/AZN_TOD in accounting month has decreased on 0,05% from 0,8035 to 0,8039 for 1 USD. Thus the US dollar average rate in consideration to manat has made in August 0,8036 AZN for 1 USD, against 0,8026 AZN following the July results of current year.