Amount of March deals rises 29.4% on BICEX

Amount of March deals rises 29.4% on BICEX
# 03 May 2007 16:40 (UTC +04:00)
145 deals were closed at 42 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during April. The auctions were attended by 30 banks and deals worth AZN 106,783 million ($123,363 million) were concluded in total, up 29.37% from the same period last year.
The total turnover reached AZN 415.45 million during January-April, 52.7% higher than a year earlier.
Five banks- Bank Standard (22.29%), UniBank (21.66%), Azerigazbank (14.68%), International Bank of Azerbaijan (13.46%) and Yapi Kredi Bank (10.25%) came ahead for the amount of deals.
In April, the exchange rate of Azeri manat against the US dollar rose 0.3% to 0.8640 AZN/USD from AZN 0.8667 AZN/USD1. The average weighted exchange rate was AZN 0.8656/USD1 in April while it was AZN 0.8679//USD1 in March. The exchange rate of the national currency against the dollar jumped 4.47% from the same period last year. /APA-Economics/

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