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Weekly review of Azerbaijani currency market

Business Materials 19 April 2014 10:34 (UTC +04:00)
Last week the official rate of the manat to the U.S. dollar set by the Azerbaijani Central Bank consolidated by 0.0001 points (0.01 per cent). The average rate was established at 0.78432 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, April 19
By Emin Aliyev - Trend:

Last week the official rate of the manat to the U.S. dollar set by the Azerbaijani Central Bank consolidated by 0.0001 points (0.01 per cent). The average rate was established at 0.78432 manat to 1 U.S. dollar.

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

Apr.7

0,7844

Apr.14

0,7844

Apr.8

0,7844

Apr.15

0,7843

Apr.9

0,7844

Apr.16

0,7843

Apr.10

0,7844

Apr.17

0,7843

Apr.11

0,7844

Apr.18

0,7843

Average weekly

0,7844

Average weekly

0,78432

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: Apr.14- $3.138 million, Apr.15- $5.183 million, Apr.16-$0.579 million, Apr.17- $0.491 million and Apr.18- $ 2million.

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

Apr.7

0,7830

Apr.14

0,7830

Apr.8

0,7830

Apr.15

0,7830

Apr.9

0,7830

Apr.16

0,7830

Apr.10

0,7830

Apr.17

0,7830

Apr.11

0,7830

Apr.18

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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