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Turnover of Baku Interbank Currency Exchange on US dollar spot transactions in BEST system still makes $1.837 bn for 2009
Baku, Fineko/abc.az. On 23-27 November, turnover of electronic trading system BEST of the Bank Interbank Currency Exchange (BBVB) totaled $69.16 million on spot operations versus the best week’s indicator in 2009 (16-19 March - $276.588 million), BBVB reported. As a result, BEST turnover on spot-deals in November (trading will not be conducted on 27-30 November) made $124.027 million versus $51.6 million in October, $58.184 million in September, $54.586 million in August, $59.175 million in July, $96.363 million in June, $62.855 million in May, $228.7 million in April, $711.456 million in March (a monthly turnover record for the exchange’s whole history), $357.508 million in February and $32.572 million in January of 2009, $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. This year’s spot transaction turnover on US dollar still makes $1.837 bn versus $2.46 bn in 2008, (record for 15 years of activity 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. The data for 2009 does not take into consideration SWAP deals ($260.4 million) signed in February ($57.4 million), March ($91.4 million), April ($67.4 million), May ($34.2 million), and June ($10 million). But if to take them into account, the turnover for March would make $802.856 million (in February: $414.908 million), for April $296.107 million, for May $96.78 million and for Jan-Nov would total $2.097 bn. At the same time, turnover on 16-19 March would make $303.988 million. During the current workweek of 2009 only deals with valuation of currencies on the same day were concluded in BEST(T+0): on 23 November no deal were registered; on 24 November turnover totaled $4.3 million (exchange rate: AZN 0.8026 to the US dollar); on 25 November $24.26 million (rate: AZN 0.826 to the US dollar); on 26 November $40.6 million (rate: 0.8012 to the US dollar); on 27 November no deals will be concluded (the rate of AZN 0.8012 to the US dollar will keep). 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 up $0 on 23 November, $2.15 million on 24 November, $3.465 million on 25 November, $10.15 million on 26 November, $0 on 27 November.
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