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Weekly review of Azerbaijani currency market

Business Materials 20 July 2013 11:45 (UTC +04:00)
Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78442 manat to 1 U.S. dollar
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, July 20 /Trend E. Aliyev/

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78442 manat to 1 U.S. dollar.

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

July 8

0,7844

July 15

0,7845

July 9

0,7844

July 16

0,7844

July 10

0,7844

July 17

0,7844

July 11

0,7844

July 18

0,7844

July 12

0,7845

July 19

0,7844

Average weekly

0,78442

Average weekly

0,78442

As a result of last week's exchange, the stock exchange price of the Azerbaijani manat to the U.S. dollar, established on the basis of trade results at the Baku Inter-bank Currency Exchange (BICEX) remained unchanged. The average rate was set at 0.7835 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 19 $622,000 with the exchange rate of 0.7835 AZN/USD, July 15,16,17 and 18 - no deals were concluded, therefore the exchange rate remained at 0.7835 AZN/USD.

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

July 8

0,7834

July 15

0,7835

July 9

0,7834

July 16

0,7835

July 10

0,7834

July 17

0,7835

July 11

0,7834

July 18

0,7835

July 12

0,7833

July 19

0,7835

Average weekly

0,78342

Average weekly

0,7835

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

The official exchange rate is 0.7844 AZN/USD on July 20.

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