TODAY.AZ / Business

Volume of BICEX trades decreased by 8% in July

03 August 2006 [08:52] - TODAY.AZ
95 dealings were registered at 42 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during July.

The auctions were attended by 25 banks.

Total volume of USD sales transactions made up AZN 111.442mn or $125.136mn. The deals on EUR tools equaled AZN 37 937.2. The total amount of deals made in July represents an 8.23% or AZN 10mn decrease as against last month.

As APA reports, the total amount of currency swaps carried out in January-July, 2006 constituted AZN 510.25mn in manat equivalent and this figure is a 25.42% rise on the same period in last year.

Last month AZN strengthened by 0.81% against USD- rose to AZN 0.8871/USD from AZN 0.8943/USD. The weighted average exchange rate of AZN against USD equaled AZN 0.8906/USD in July. It was AZN 0.8956/USD in June.

The exchange rate of AZN increased USD by 5.22% during past a year. 5 leading banks actively participating in the auctions were rated.

They are International Bank of Azerbaijan (24.93%), Bank Standard CJSC (24.5), Bank of Baku OJSC (9.1%), Kapital Bank CB (8.4%) and Unibank OJSC (7.25%).

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