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Weekly review of Azerbaijani currency market

Business Materials 11 October 2014 11:48 (UTC +04:00)
The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) remained unchanged
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Oct. 11

By Ilaha Mammadli - Trend:

The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7843 AZN to 1 U.S. dollar.

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

September 29

0,7844

October 6

-

September 30

0,7844

October 7

-

October 1

0,7844

October 8

0,7843

October 2

0,7844

October 9

0,7843

October 3

0,7844

October 10

0,7843

Average weekly

0,7844

Average weekly

0,7843

As a result of last week's exchange, the stock exchange price of the Azerbaijani AZN 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 AZN to 1 U.S. dollar.

Deals concluded last week at BEST comprised: October 8 - $2.764 million, October 9 - $3.515 million, October 10 - $1.22 million. No deals were concluded on October 6, 7 due to the holidays.

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

September 29

0,7829

October 6

-

September 30

0,7829

October 7

-

October 1

0,7829

October 8

0,7829

October 2

0,7829

October 9

0,7829

October 3

0,7829

October 10

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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