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BICEX turnover grows 90% in March

BICEX turnover grows 90% in March

03 April 2009 12:32 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. 239 deals were closed at 30 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during March.
Deals worth AZN 334.663 million ($441.908 million) in total were concluded among 34 banks, twice as much as February figure.
Besides, SWAP_USD/AZN turnover was AZN 73.6 million or $91.4 million.
Average weighted exchange rate of the US dollar against the manat was 0.8056 manats.
The value per deal reached AZN 3.359 million on average.
Electronic trade doubled, year-on-year, during January-March to AZN 1.007 billion.
Five banks- Bank Respublika (16.97%), Bank Standard (7.61%), Kapital Bank (3.48%), Bank Silk Way (3.23%) and Azerbaijan Industry Bank (2.94%) came ahead for the amount of deals in March.

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