Bank Of Baku

BICEX currency turnover decreases by 50% in April

BICEX currency turnover decreases by 50% in April
# 04 May 2012 14:49 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. 39 deals were closed at 42 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during April, 2012.

Deals worth AZN 42.752 million ($54.409 million) in total were concluded in e-operations on USD/AZN among 12 banks, down 49% from previous month.

Total turnover on EUR/AZN instrument made AZN 311,910 and average weighted exchange rate of Euro against manat made AZN 1.0397. As it seems, volume of e-trade on foreign currencies made AZN 43.064 mln. Performance of currency sector decreased by $52.249 mln or 2 times in comparison to March.

Average daily turnover on BEST USD/AZN was 2.590 mln, while the value per deal made AZN 1.395 million on average.
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