TODAY.AZ / Business

Deals closed at BICEX rose by 3.04 times in August

02 September 2006 [10:09] - TODAY.AZ
113 dealings were registered at 46 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during August. The auctions were attended by 21 banks.

Total volume of USD sales transactions made up AZN 339.461mn or $383.206mn. The deals on EUR tools equaled AZN 7 956.2. The total amount of deals made in August is as 3.04 times much as last month.

As APA reports, the total amount of currency swaps carried out in January-August, constituted AZN 849.723mn in manat equivalent and this figure is a 94.31% rise on the same period in last year.

During August AZN strengthened by 0.68% against USD- rose to AZN 0.8809/USD from AZN 0.8969/USD. The weighted average exchange rate of AZN against USD equaled AZN 0.8958/USD in August. It was AZN 0.8906/USD in July.

The exchange rate of AZN increased USD by 4.82% during past a year.

5 leading banks actively participating in the auctions were rated.

They are International Bank of Azerbaijan (48.31%), Bank Standard CJSC (25.23), Khalgbank OJSC (5.41%), Technikabank OJSC (5.09%) and Unibank OJSC (2.62%).


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