Exchange rate of dollar slides 0.05% in October

Exchange rate of dollar slides 0.05% in October
# 02 November 2010 11:39 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The exchange rate of national currency on tool USD/AZN_TOD on BICEX has increased on 0.05% in August.

BICEX says, the exchange rate of USD slipped from AZN 0.8032 to AZN 0.7994, during the accounting month. As the result, the average exchange rate of national currency against USD made AZN 0.8003, in October, while this was AZN 0.8033 in September.

In total the 13 banks have taken part in the trades of currency section of the BBVB in October, 2010. In accounting month in “Bourse E-System of Trades” (BEST) 42 trading sessions are conducted and 27 transactions are registered. The total volume of trades of currency section in accounting month on USD/AZN has made 46.816 million manats or 58.5 millions in dollar equivalent, up 85.5% compared with September.
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THE OPERATION IS BEING PERFORMED