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Weekly review of Azerbaijani currency market

Business Materials 26 October 2013 14:13 (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, October 26 /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 0.7843 manat to 1 U.S. dollar.

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

October 14

0.7843

October 21

0.7843

October 15

0.7843

October 22

0.7844

October 16

0.7843

October 23

0.7844

October 17

0.7843

October 24

0.7844

October 18

0.7843

October 25

0.7844

Average weekly

0.7843

Average weekly

0.78438

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: Oct. 25- $ 1.023 million with exchange rate of 0,7835 AZN/USD, on October 21-24 no deals were concluded.

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

October 14

0.7835

October 21

0.7835

October 15

-

October 22

0.7835

October 16

-

October 23

0.7835

October 17

0.7835

October 24

0.7835

October 18

0.7835

October 25

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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