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ABC: US dollar turnover of Baku Interbank Currency Exchange fell by 11.8%
 
Baku, Fineko/abc.az. The spot-turnover at the Bank Interbank Currency Exchange (BBVB) has decreased by 11.8% against last week’s indicators. This year’s turnover has already exceeded last year’s turnover by 25.2% and reached $1 bn per year for the first time since 2009.

BBVB reports that for 12-16 December 2011 turnover of the BBVB Bourse E-System of Trades (BEST) on spot operations in US dollars made $47.995 million against $54.385 million a week earlier and $108.76 million (this year’s record of weekly turnover) on 18-22 April 2011. The best trade week of 2010 was registered for 29 November - 3 December ($80.88 million) and for the entire history for 16-19 March 2009 ($276.588 million).

This December BEST turnover on spot-deals still makes $103.7 million versus $92.47 million in November, $112.755 million in October, $57.545 million in September, $47.755 million in August, $58.415 million in July, $90.88 million in June, $53.407 million in May, $157.3 million in April (still this year’s best indicator), $114.58 million in March, $138.58 million in February (this year’s still best index), $78.88 million in January, $139.5 million in December 2010, $165.79 million in November (the best indicator for 2010), $711.456 million in March (a monthly turnover record for the Exchange’s whole history), $439.087 million in June 2008 (earlier best turnover for BEST entire history), the 2007 record of $310.3 million in July, BBVB 2006 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 2011 spot transaction turnover on US dollar still makes $1.105 bn versus $883.569 million in 2010, $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. Turnover on SWAP-deals for 2011 is still lacking and for 2010 it totaled $34 million against their turnover of $260.4 million in 2009 when the best index a month was registered in April ($67.4 million).

During the finished workweek of 2011 the following deals were concluded at BEST with valuation on the same day (T+0): on 12 December the turnover totaled $31.007 million (rate: AZN/USD 0.7857), on 13 December - $1.3 million (rate: AZN/USD 0.7857), on 14 December - $783,000 (rate: AZN/USD 0.7883), on 15 December $794,000 (rate: AZN/USD 0.7855), on 16 December $14.1 million (rate: AZN/USD 0.7862).

Turnover for 30 November ($55.8 million) was the best indicator per trading day in 2010 and turnover for 5 June 2008 ($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 ($134.353 million) and swap-deals ($24 million) made $158.353 million - a new absolute record. Best spot-turnover for a week was registered on 2-6 June 2008 - $282.974 million. Best spot-turnover in 2009 per day was registered on 17 March - $121.799 million.
Source