Baku Interbank Currency Exchange turnover on SWAP deals exceeded $212 million

BBVB informs that the second part of such deals in April was registered today and amounted $10 million.

At the same time exchange rate was AZN 0.804 = USD 1 that is lower than the rate of the previous deals (AZN 0.804 to the US dollar).

BEST turnover for SWAP_USD/AZN for 30 days in April has reached $53.4 million and the overall turnover $63.4 million. For March it was $69.4 million. Overall turnover for SWAP_USD/AZN for March made $91.4 million. Due to the 7-day deal registered on 13 March the SWAP_USD/AZN turnover reached $22 million with the exchange rate equaling AZN 0.8051 per USD.

Taking into account February’s turnover ($57.4 million) and March ($91.4 million), in 2009 SWAP turnover came to $212.2 million while a record deal for SWAP operations at BBVB was concluded on 11 March ($32 million with rate of AZN 0.8064 to the US dollar).

The first 30-day SWAP_USD/AZN deal (volume: US$30 million; rate: AZN 0.8093 to the US dollar) was registered on 10 February, the second one (volume: $2 million; rate: AZN 0.8086 to the US dollar) on 11 February, the third one on 25 February.

/Azerbaijan Business Center/