Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Economy news

Baku, Azerbaijan, Jan.18

By Emin Aliyev-Trend:

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.78446 manat to 1 U.S. dollar.

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

January 13

0,7844

January 7

0,7845

January 14

0,7845

January 8

0,7845

January 15

0,7845

January 9

0,7845

January 16

0,7845

January 10

0,7845

January 17

0,7844

Average weekly

0,78445

Average weekly

0,78446

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: January 13- $ 7.047 million, January 15- $ 1.8 million, January 17- $ 4.956 million, January 14 and 16 - no deals were concluded.

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

January 13

0,7835

January 7

0,7835

January 14

0,7835

January 8

0,7835

January 15

0,7835

January 9

0,7835

January 16

0,7835

January 10

0,7835

January 17

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.

translated by NH

Follow us on Twitter @TRENDNewsAgency