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On-floor currency market sees the highest turnover last week

On-floor currency market sees the highest turnover last week

05 January 2009 12:38 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. The on-floor currency market turnover totaled $120 million from Dec. 29 to Jan. 3, up 20.8 times on a weak earlier. Daily turnover was as follows (due to holidays, trading took place on Dec. 29 and 30 only):

The exchange rate of the US dollar changed in the range of 0.8005-0.8013 AZN/USD over the week and the dollar rose 0.1% against the manat.
The official rate of the US dollar remained unchanged by 0.03%, â€œwe buyâ€ rate stable while â€œwe sellâ€ rate increase by 0.07%:

Against the backdrop of the steady dollar, the daily turnover hit a record high last week. As shown in the diagram, the market was steady and fluctuations were too small. The Dec. 30 trading exceeded the total trade of November by 42%.

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