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Weekly review of Azerbaijani currency market

Business Materials 22 June 2013 12:52 (UTC +04:00)
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 0.78455 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, 22 June / Trend E. Aliyev /

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 0.78455 manat to 1 U.S. dollar.

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

June 10

0.7848

June 11

0.7848

June 18

0.7846

June 12

0.7846

June 19

0.7846

June 13

0.7846

June 20

0.7845

June 14

0.7846

June 21

0.7845

Average weekly

0.78468

Average weekly

0,78455

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) increased by 0.0001 points (0.01 percent). The average rate was set at 0.783575 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 19 - no deals were concluded, therefore the exchange rate remained at 0.7836 AZN/USD, June 18 - $4.5 million with the exchange rate of 0.7836 AZN/USD, June 20 - $0.16 million with the exchange rate of 0.7836 AZN/USD, June 21 - $2.39 million with the exchange rate of 0.7835 AZN/USD.

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

June 10

0.7836

June 11

0.7836

June 18

0.7836

June 12

0.7836

June 19

0.7836

June 13

0.7836

June 20

0.7836

June 14

0.7836

June 21

0.7835

Average weekly

0.7836

Average weekly

0.783575

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. No appeals were made on RUB/AZN and EUR/AZN.

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