Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Economy news

Baku, Azerbaijan, May 17
By Emin Aliyev - Trend:

Last week the official rate of the manat to the U.S. dollar set by the Azerbaijani Central Bank reduced by 0.0001 points (0.01 percent). The average rate was established at 0.78434 manat to 1 U.S. dollar.

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

May 5

0,7843

May 12

0,7843

May 6

0,7843

May 13

0,7843

May 7

0,7844

May 14

0,7843

May 8

0,7844

May 15

0,7844

May 9

-

May 16

0,7844

Average weekly

0,78435

Average weekly

0,78434

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 0.7829 manat to 1 U.S. dollar.

Deal concluded last week at BEST comprised: May 12 - $1.628 million, May 13- $4.225 million, May 14 -$0.626 million, May 15 - $1.005 million and May 16 - $ 0.717 million.

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

May 5

0,7829

May 12

0,7829

May 6

0,7829

May 13

0,7829

May 7

0,7829

May 14

0,7829

May 8

0,7829

May 15

0,7829

May 9

-

May 16

0,7829

Average weekly

0,7829

Average weekly

0,7829

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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