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Weekly review of Azerbaijani currency market

Business Materials 9 February 2013 13:33 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) reduced by 0.0004 points (0.04 percent). The average rate was established at 0.78446 manat to 1 U.S. dollar
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Feb.9 / Trend I. Khalilova /

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) reduced by 0.0004 points (0.04 percent). The average rate was established at 0.78446 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar:

Jan. 28

0,7846

Feb. 4

0,7844

Jan. 29

0,7845

Feb. 5

0,7846

Jan. 30

0,7844

Feb. 6

0,7847

Jan. 31

0,7844

Feb. 7

0,7848

Feb. 1

0,7844

Feb. 8

0,7848

Average weekly

0,78446

Average weekly

0,78466

As a result of last week's exchange, the rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), remained stable. The average rate was set at 0.7834 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: No deals were concluded on Feb. 4 and Feb. 6, resulting in exchange rate remaining stable at 0.7834 AZN/USD, Feb. 5 - $3.674 million with exchange rate of 0.7834 AZN/USD, Feb.7 - $6.1 million with exchange rate of 0.7834 AZN/USD, Feb. 8 -$2.355 million with exchange rate of 0.7834 AZN/USD.

Exchange rate of manat to 1 U.S. dollar:

Jan. 28

0,7856

Feb. 4

0,7834

Jan. 29

0,7856

Feb. 5

0,7834

Jan. 30

0,7834

Feb. 6

0,7834

Jan. 31

0,7834

Feb. 7

0,7834

Feb. 1

0,7834

Feb. 8

0,7834

Average weekly

0,78428

Average weekly

0,7834

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. On appeals on RUB/AZN and EUR/AZN, appeals were not made.

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