BICEX currency turnover rises 26% in September

BICEX currency turnover rises 26% in September
# 04 October 2011 13:10 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. 28 deals were registered at 44 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) in September, 2011. The auctions were attended by 9 banks.

The total volume of e-trades of currency section in accounting month has made 45.266 mln in manats or 57.545 mln in dollar equivalent, up 20.5% compared to August.

Total turnovber on EUR/AZN instrument made AZN 3,718,110 (2.9 times upper than previous month) and average weighted price of Euro against made AZN 1.1267.

Consequently, the volume of e-operations conducted in currency section made AZN 48.984 mln, up 26.2% from August, 94% - from year earlier.

The average daily turnover in “Bourse E-System of Trades” on USD/AZN reached approximately $ 2.616 mln, while the average volume of each transaction has made $ 2.055 mln.

At the same time, five bank-leaders on auctions held at currency department of Baku Interbank Currency Exchange have been determined: “Azerbaijan Industry Bank” (53.22%), “UniBank” (17.46%), “Xalg Bank” (17.03%), “Bank Standard” (6.20%) and “Pasha Bank” (3.13%).
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