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Weekly review of Azerbaijani currency market

Business Materials 28 September 2013 11:39 (UTC +04:00)
Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0,0001 points (0,01 percent).
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Sept. 28 /Trend, E.Aliyev /

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0,0001 points (0,01 percent). The average rate was established at 0.78444 manat to 1 U.S. dollar.

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

Sept. 16

0,7845

Sept.23

0,7844

Sept.17

0,7845

Sept.24

0,7844

Sept.18

0,7845

Sept.25

0,7844

Sept.19

0,7845

Sept.26

0,7845

Sept. 20

0,7844

Sept. 27

0,7845

Average weekly

0,78448

Average weekly

0,78444

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: Sept. 27- $ 1.423 million with exchange rate of 0,7835 AZN/USD, Sept. 23,24,25 and 26 - no deals were concluded.

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

Sept.16

0,7834

Sept.23

0,7835

Sept.17

0,7834

Sept.24

0,7835

Sept.18

0,7834

Sept.25

0,7835

Sept.19

0,7834

Sept.26

0,7835

Sept.20

0,7834

Sept.27

0,7835

Average weekly

0,7834

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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