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Azerbaijan sees growing interest in instruments in USD/TRY and USD/RUB - EXCLUSIVE

Azerbaijan sees growing interest in instruments in USD/TRY and USD/RUB

Azerbaijani population’s interest in instruments in USD/TRY and USD/RUB has sharply increased recently, advisor to the Chairman of Management Board of the Financial Markets Supervisory Authority (FIMSA) Rashad Agayev told Report.

According to him, participants of the derivative financial instruments market are importing or exporting companies, banks, insurers and individuals.

"The participants, in order to insure risks from currency difference, use instruments presented by the market. On the other side, some investment companies provides population’s access to the derivative financial instruments market by rendering marginal trade services. The widely traded instruments by the population is marginal trade on difference contracts on the basis of currency and goods. Azerbaijani population’s interest in instruments in USD/TRY and USD/RUB has recently grown dramatically," Agayev said.

According to him, this is caused by their high volatility. 

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