OREANDA-NEWS. June 09, 2010. Since 2008, the Baku Interbank Currency Exchange (BBVB) has carried out competition entitled “The Rate of Bourse E-System of Trades (BEST)” or BEST-Rate Competition.

BBVB informs that summarizing the results of May 2010 Magommad Huseynov, a specialist of the Bank of Baku, won the contest.

The USD/AZN exchange rate she forecasted proved coincided fully with the results of the last BEST daytime trade session in May.

The winner was handed over a valuable gift on behalf of BBVB management.

In 2008, in February and March the competition was won by Mehriban Huseynli, the director of the AGBank OJSC Development Department’s Discount System & Acquiring Office; in April by Jabrail Agayev, a Bank Standard’s Treasury Department specialist; in May by Ilgar Yusubov, a leading specialist of the Bank Standard’s Treasury Department; in July by Valeriya Guliyeva, a member of Bank of Azerbaijan OJSC Audit Committee; in August by Vusala Mirzoyeva, the director of the AzerTurkBank OJSC Department of Transactions with Individuals, in September by Jebrail Agayev, a specialist of the Bank Standard’s Treasury Department; in October and November by Bank of Azerbaijan’s currency trader Aziz Talibov, and in December by Yusif Yusifov, a senior specialist of the Bank of Azerbaijan’s Depositary Department.

Last year in January the contest was won by Faran Agayev, auditor of Azerneqliyyetbank; in February by Sevda Fattayeva, deputy chief accountant of Azerneqliyyetbank; in March by Samir Veliyev, chief of the Department of International Settlements of Zaminbank’s Ganjlik branch; in April by Latafet Aliyeva, finance director of Bank of Azerbaijan; in May by Arif Gasimov, inspector of Kavkaz Trans Ltd; in June by Riad Pashayev, an official of Bank of Baku; in July by Gulnara Shukurova, specialist of Azerneqliyyatbank’s Financial Department; in August by Jamil Bagirov, head of Azerneqliyyatbank’s Treasury Office; in September by Vusal Akparov, director of Azerneqliyyetbank’s Department of Information Technologies; in October by Elchin Jafarov, senior scientific employee of the Institute of Physics of the National Academy of Sciences of Azerbaijan and Candidate of Physico-Mathematical Sciences, in November by Tural Aliyev, chief specialist of Azerneqliyyatbank Credit Department; in December by Orkhan Gasimov, chief employee of Azercell LLC.

In 2010, in January the contest was won by Zaur Dagliyev, an employee of  Kapaz guard firm; in February by Talekh Nagiyev, an employee of WEST company; in March by Gulnara Shukurova, a specialist of financial department of  Expressbank (former Azerneqliyyatbank), in April - Zeynab Tarverdiyeva, a correspondent of the Economic Department of news agency Interfax-Azerbaijan.

Under the BEST-Rate Competition conditions, specialists of banks and employees of private and state companies, students and other interested persons may demonstrate their analytic skills in forecasting USD/AZN exchange rate.

The exchange receives forecasts of USD/AZN average weighted exchange rate summarizing the results of afternoon trade session on the last workday of each month.

For this purpose, it is necessary to observe the course of trading through website: www.BBVB.org and vote in BEST-rate Contest section.