Bank Of Baku

Exchange rate of dollar slides 0.3% in January

Exchange rate of dollar slides 0.3% in January
# 02 March 2011 09:15 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The exchange rate of national currency on tool USD/AZN_TOD on BICEX has increased on 0.3% in February.

BICEX says, the exchange rate of USD slipped from AZN 0.7950 to AZN 0.7927, during the accounting month. As the result, the average exchange rate of national currency against USD made AZN 0.7941, in December, 2010, while this was AZN 0.7961 in January, 2011.

In total the 14 banks have taken part in the trades of currency section of the BBVB in February, 2011. In accounting month in “Bourse E-System of Trades” (BEST) 40 trading sessions are conducted and 41 transactions are registered. The total volume of trades of currency section in accounting month on USD/AZN has made 110.051 million manats or 138.582 millions in dollar equivalent.
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