USD Turnover of Baku Interbank Currency Exchange Collapses 2.5 Fold
OREANDA-NEWS. October 24, 2012. The spot-turnover at the Bank Interbank Currency Exchange (BBVB) has collapsed 2.47-fold during the 43rd week of 2012 against a 2.88 fold decline a week earlier.
BBVB reports that for 22-26 October 2012 turnover of the BBVB Bourse E-System of Trades (BEST) on spot operations in US dollars totaled USD 3.48 million against USD 8.607 million a week earlier and USD 59.205 million for 12–16 March (this year’s still best index for a week).
The best trading week in 2011 was registered on 18-22 April (USD 108.76 million), in 2010 on 29 November - 3 December (USD 80.88 million) and for the entire history for 16-19 March 2009 (USD 276.588 million).
This year BEST turnover on spot deals for October still reaches USD 64.6 million against USD 40.477 million in September, USD 71.849 million in August, USD 87,336 million in July, USD 101.4 million in June, USD 97.1 million in May, USD 54.409 million in April, USD 106.658 million in March, USD 47.3 million in February and USD 82.497 million in January.
In 2011 the best indicator was recorded in December 2011(USD 256.59 million), in 2010 - in November (USD 165.79 million), in 2009 in March (USD 711.456 million, a monthly turnover record for the Exchange’s whole history), in 2008 - in June (USD 439.087 million), in 2007 in July (USD 310.3 million), in 2006 in December (USD 434.432 million), the 2005 record of USD 108.781 million in September, the 2004 record of USD 97.59 million in March, the 2003 record of USD 100.428 million in December.
The 2012 spot transaction turnover on US dollar still makes up USD 753.609 million versus USD 1.259 bn in 2011, USD 883.569 million in 2010, USD 2.009 bn in 2009, USD 2.46 bn in 2008 (record over all history of the exchange), USD 1.75 bn in 2007, USD 1.9 bn in 2006, the 2005 turnover of USD 813.284 million, the 2004 turnover record of USD 910.97 million and the 2003 turnover of USD 438.9 million.
Turnover on SWAP-deals for 2012 is still lacking. Such deals were not concluded in 2011 and for 2010 it totaled USD 34 million against their turnover of USD 260.4 million in 2009 when the best index a month was registered in April (USD 67.4 million).
During the 43rd workweek of 2012 the following deals were concluded at BEST with valuation on the same day (T+0): on 22 October turnover totaled USD 721,000 (rate: AZN/USD 0.7841); on 23 October - USD 1.875 million (rate: AZN/USD 0.7841); on 24 October - USD 1.875 million (rate: AZN/USD 0.7841); on 25 and 26 October no deals will be concluded in connection with holiday Id al-Adha (Gurban Bayrami).
Turnover for 16 March (USD 51.59 million) is still the best for 2012. Turnover for 5 June 2008 (USD 143.749 million) is the best for entire history of BEST system and turnover of exchange per trading day, but on 13 March BEST spot turnover (USD 134.353 million) and swap-deals (USD 24 million) made USD 158.353 million - a new absolute record. Best spot-turnover for a week was registered on 2-6 June 2008 - USD 282.97 million. Best spot-turnover in 2009 per day was registered on 17 March - USD 121.799 million.
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