ECONOMY
VOLUME OF TRADES AT BICEX FALL 2.45-FOLD IN OCTOBER
According to BICEX’s PR office, International Bank of Azerbaijan, commercial banks Amrahbank, BUSB, Ish Bankasi Azerbaijan and Azerigasbank have become leaders of the currency market depending on portion of closed deals in the total volume of trades.
In total, 26 banks took part in the trades for US dollar in October 2004. For the last month, 20 trade sessions were conducted, and 172 deals were closed. The volume of dollar trades in the BICEX totaled 118 billion 224 million manats or USD 38,365 million.
In comparison with September, the volume of trades fell 2.45-fold and it is caused by market opportunities depending on operations of importers and exporters of goods and services.
Euro deals in September were worth 977 million manats.
The AZM average weighted rate against USD made up 4906,13 in October whereas it was 4905,14 in September.
USD 1 = AZM 4903