Currency Trading Course

ASB kept leadership at currency exchange trading in July

Baku, Fineko/abc.az. This July the ASB bank has kept  its leader position seized in May from International Bank of Azerbaijan (IBA)  in currency trading of the Baku Interbank Stock Exchange (BBVB).  In October 2010 ASB lost leadership to IBA which kept it till May 2011.

BBVB informs that without taking into account the deals of the Central Bank of Azerbaijan (CBA) 41.36% of June’s currency turnover fell on the share of the ASB.

“Besides ASB, TOP 5 also included Bank Standard (26.24%),  Xalq Bank (17.12%), AGBank (5.73%), and UniBank (4.6%),” BBVB reported. Following June ASB (31,3%), IBA (14,3%), Xalq Bank (10,78%), UniBank (6,92%), and AGBank (4,24%) were yhe leaders of the trading.

“This July  in the course of 42 trading sessions the 10 participating banks concluded 32 deals for AZN 45.943 million ($58.415 million). Turnover on EUR/AZN for the reported period totaled AZN 1.94 million and weighed average rate of euro to AZN on this tool made up AZN 1.1415.

Compared to June’s figures, for the reported month overall volume of trading in currency section decreased  by 25.61 million or by 35.8%..

Average daily turnover in stock exchange e-trading system on USD/AZN reached about $1.391 million in July , while average volume of each deal amounted to $1.825 million,” it was reported.

For the reported month stock exchange price of national currency on tool USD/AZN_TOD fell by 0.4% from AZN 0.7863 up to AZN 0.7866 to the US dollar.

At that, weighted average manat rate in July was AZN 0.7865 to the US dollar against AZN 0.7873 in June.

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