The International Bank of Azerbaijan is the leader in the list of
currency trading of Baku Interbank Currency Exchange (BBVB) on
USD/AZN_TOD instrument, according to December 2010, the exchange said
in a message on Friday, Trend reports.
ASB, Unibank, Expressbank and Bank Silk Way are among the leaders. The
International Bank of Azerbaijan carried out 35.05% of the total
operations on the currency market, ASB – 14.61%, Unibank – 4.43%,
Expressbank – 3.23%, Bank Silk Way – 3.01%.
The indicators do not include operations of the Central Bank of Azerbaijan.
The currency trading section of the BBVB saw participation of 20 banks
in December 2010. The electronic trading system had 44 trade sessions
and registered 56 deals. The total trade level of the currency section
for USD/AZN reached $139.53 million.
The total rate of currency trade dropped by $29.5 million (21%)
compared to November.
The average exchange rate using the electronic system reached
approximately $6.342 million, with each deal worth an average of
$2.492 million.
The currency section reached a level of 710.502 million manats in 2010.
The total rate of exchange using the electronic system reached $883.569 million.
According to the EUR/AZN system, the total trade level reached 2.404
million euros in 2010.
The BEST system had 484 trading sessions with 30 banks involved.
The ISD/AZN_TOD rate reached 0.3%, from 0.7991 to 0.7967 manats per
$1. The weighted average USD/AZN rate reached 0.7975 manats per $1,
compared with 0.7993 manats in November 2010.
