Spot trading on Baku currency exchange makes $164.76 mln for 2010

Sat 13 March 2010 12:38 GMT | 17:38 Local Time

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Baku Interbank Currency Exchange’s turnover on US dollar spot transactions in BEST system still makes $164.76 million for 2010.

On 8-12 March, turnover of Bourse E-system of Trades (BEST) of the Bank Interbank Currency Exchange (BBVB) totaled $18.908 million on spot operations in US dollars versus the 2009 best indicator on 18-22 January ($34.499 million) and the best week’s indicator in 2009 (16-19 March - $276.588 million), BBVB reported.

As the result, BEST turnover on spot-deals for March 2010 still makes $22.139 million versus $61.087 million in February, $83.537 million in January 2010, $711.456 million in March (a monthly turnover record for the exchange’s whole history), $439.087 million in June 2008 (best turnover for BEST entire history), the 2007 record of $310.3 million in July, BBVB entire history turnover record of $434.432 million in December 2006, the 2005 record of $108.781 million in September, the 2004 record of $97.59 million in March, the 2003 record of $100.428 million in December.

The 2010 spot transaction turnover on US dollar still makes $164.76 million versus $2.009 bn in 2009, $2.46 bn in 2008 (record over all history of the exchange), $1.75 bn in 2007, $1.9 bn in 2006, the 2005 turnover of $813.284 million, the 2004 turnover record of $910.97 million and the 2003 turnover of $438.9 million.

No SWAP-deals have been concluded this year as yet, but in 2009 their turnover totaled $260.4 million and the best indicator for month was registered in April ($67.4 million).

During the first workweek of 2010 only deals with valuation of currencies on the same day were concluded in BEST (T+0): on 8 March no trading was carried out in connection with holiday; on 9 March trading turnover totaled $1.86 million (rate: AZN 0.8035 to the US dollar); on 10 March - $1.899 million (rate: AZN 0.8035 to the US dollar), on 11 March - $6.647 million (rate: AZN 0.8034 to the US dollar), on 12 March - $8.5 million (rate: AZN 0.8034 to the US dollar).

On 5 June 2008, turnover ($143.749 million) became the best for entire history of BEST and turnover of exchange per trading day. But on 13 March spot-transaction turnover ($134.353 million) and swap deals ($24 million) made $158.353 million – absolutely new record.

The best turnover per week was registered on 2-6 June 2008 - $282.974 million. The best turnover per day in 2009 was registered on 17 March - $121.799 million.

The average size of deal with valuation of currencies on the same day made $0 on 8 March, $91,300 on 9 March, $633,000 on 10 March, $2.215 million on 11 March, $4.25 million on 12 March.

Fineko/abc.az

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