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Weekly review of Azerbaijani currency market

Business Materials 24 August 2013 10:31 (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).
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, August 24/Trend, A.Akhundov/

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 0.7844 manat to 1 U.S. dollar.

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

August 12

0.7844

August 19

0.7845

August 13

0.7844

August 20

0.7845

August 14

0.7845

August 21

0.7843

August 15

0.7845

August 22

0.7843

August 16

0.7845

August 23

0.7844

Average weekly

0.78446

Average weekly

0.7844

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: August 20- $ 5.32 million, August 21 - $1.31 million, August 22 - $1.46 million, August 23 - $0.47 million, August 19 - no deals were concluded.

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

August 12

0.7835

August 19

0.7835

August 13

0.7835

August 20

0.7835

August 14

0.7835

August 21

0.7835

August 15

0.7835

August 22

0.7835

August 16

0.7835

August 23

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. Appeals on EUR/AZN and RUB/AZN were not made by banks in BEST.

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