Azerbaijan, Baku, April 6 / Trend /
The International Bank of Azerbaijan (IBA) has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by it on the results of trades in currency section on tool USD/AZN_TOD Baku Interbank Currency Exchange (Baki Banklararasi Valyuta Birjasi - BBVB) in March, 2011, the exchange said.
ASB, AGBank, Yapi Kredi Bank Azerbaijan and AFB BANK also included in the number of the leading dealers of organized currency market. In accordance with it below is the list of banks - the leading operators of exchange market of hard currency in March 2011:
|
Banks |
FROM TOTAL VOLUME (%) |
|
IBA |
31 .07% |
|
ASB |
22 .47% |
|
AFB BANK |
4 .36% |
|
Yapi Kredi Bank Azerbaijan |
3 .05% |
|
AGBank |
2 .93% |
The figures do not include transactions of the Central Bank of Azerbaijan.
In total, 14 banks have taken part in the trades of currency section of the BBVB in March 2011. In accounting month in "Bourse E-System of Trades" (BEST) 34 trading sessions are conducted and 39 transactions are registered. The total volume of trades of currency section in accounting month on USD/AZN has made 90.808 million manat or $114.581 million.
The turnover on tool EUR/AZN has made 331,800 manat.
In comparison with indicators of February in accounting month the total volume of trades in currency section has decreased on 19.243 million manat or 17.5 percent.
As a whole, on results of January-March of this year, the volume of E-Trades with foreign currencies at BBVB has made 263.987 mln. manat, that exceeded the volume indicators of the first quarter of 2010 on 118.169 mln. manat or 1.8 times.
The average daily turnover in "Bourse E-System of Trades" on USD/AZN reached approximately $ 6.740 million, then that the average volume of each transaction has made $ 2.938 million.
The exchange rate of national currency on tool USD/AZN_TOD in accounting month has increased on 0.2 percent from 0.7927 to 0.7913 for 1 USD. Thus the US dollar average rate in consideration to manat has made in March 0.7925 manat for 1 USD, compared to 0.7941 manat following the February results of current year.