Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market
 / Economy news

Baku, Azerbaijan, March 15

By Abbas Akhundov - Trend:

Last week the official rate of the manat to the U.S. dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0.0001 points (0.01 percent). The average rate was established at 0.78438 manat to 1 U.S. dollar.

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

March 3

0,7844

March 10

0,7844

March 4

0,7844

March 11

0,7844

March 5

0,7844

March 12

0,7844

March 6

0,7844

March 13

0,7844

March 7

0,7844

March 14

0,7843

Average weekly

0,7844

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 0.7830 manat to 1 U.S. dollar.

Deal concluded last week at BEST comprised: March 12 - $6.126 million, March 13 - $0.150 million and March 14 -$ 0.540 million. No deals were concluded on remaining days.

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

March 3

0,7830

March 10

0,7830

March 4

0,7830

March 11

0,7830

March 5

0,7830

March 12

0,7830

March 6

0,7830

March 13

0,7830

March 7

0,7830

March 14

0,7830

Average weekly

0,7830

Average weekly

0,7830

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 S.I.

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