Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Economy news

Azerbaijan, Baku, March 4 /Trend I.Khalilova/

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) increased by 0.0001 points (0.01 percent). The average rate was established at 0.78482 manat to 1 U.S. dollar.

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

Feb.18

0,7847

Feb.25

0,7847

Feb.19

0,7847

Feb.26

0,7849

Feb.20

0,7848

Feb.27

0,7849

Feb.21

0,7847

Feb.28

0,7848

Feb.22

0,7847

March 1

0,7848

Average weekly

0,78472

Average weekly

0,78482

As a result of last week's exchange, the stock exchange price of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), decreased by 0.0002 points (0.02 percent). The average rate was set at 0.78368 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Feb.25 - $3.38 million with exchange rate of 0.7835 AZN/USD, Feb.26 - $3.925 million with exchange rate of 0.7838 AZN/USD, Feb.27 - $1.5 million with exchange rate of 0.7837 AZN/USD, Feb.28 - $2.274 million with exchange rate of 0.7837 AZN/USD, March 1 - $0.834 million with exchange rate of 0.7837 AZN/USD

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

Feb.18

0,7837

Feb.25

0,7835

Feb.19

0,7837

Feb.26

0,7838

Feb.20

0,7837

Feb.27

0,7837

Feb.21

0,7837

Feb.28

0,7837

Feb.22

0,7837

March 1

0,7837

Average weekly

0,7837

Average weekly

0,78368

No deal was concluded with USD/AZN T+2 due to few appeals made by dealers.

Deals worth $26 million with USD/AZN T+1 at the exchange rate of 0.7843 AZN/USD were conducted on March 1.

On appeals on RUB/AZN and EUR/AZN, appeals were not made.

Do you have any feedback? Contact our journalist at agency@trend.az

Follow us on Twitter @TRENDNewsAgency