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Weekly review of Azerbaijani currency market

Business Materials 27 July 2013 12:37 (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 0.78434 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, July 27 /Trend I. Khalilova/

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 0.78434 manat to 1 U.S. dollar.

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

July 15

0,7845

July 22

0,7844

July 16

0,7844

July 23

0,7844

July 17

0,7844

July 24

0,7843

July 18

0,7844

July 25

0,7843

July 19

0,7844

July 26

0,7843

Average weekly

0,78442

Average weekly

0,78434

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) 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 22 - $3.830 million with the exchange rate of 0.7835 AZN/USD, July 23 - $2.510 million with the exchange rate of 0.7835 AZN/USD, July 24, 25 - no deals were concluded, therefore the exchange rate remained at 0.7835 AZN/USD, July 26 - $1.5 million with the exchange rate of 0.7835 AZN/USD.

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

July 15

0,7835

July 22

0,7835

July 16

0,7835

July 23

0,7835

July 17

0,7835

July 24

0,7835

July 18

0,7835

July 25

0,7835

July 19

0,7835

July 26

0,7835

Average weekly

0,7835

Average weekly

0,7835

No deal was concluded with USD/AZN T+1 and T+2 due to lack of appeals made by dealers. But a deal worth $60 million with SWAP_USD/AZN_TOD_TOM at the exchange rate of 0.7854 AZN/USD was concluded on July 23. On appeals on RUB/AZN and EUR/AZN, appeals were not made.

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

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