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Weekly review of Azerbaijani currency market

Business Materials 6 December 2014 12:52 (UTC +04:00)
The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) reduced by 0.0001 points (0.01 percent)
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Dec. 6

By Maksim Tsurkov - Trend:

The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) reduced by 0.0001 points (0.01 percent). The average rate was established at 0.78444 AZN to 1 U.S. dollar.

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

Nov. 24

0,7844

Dec.1

0,7844

Nov.25

0,7844

Dec.2

0,7844

Nov.26

0,7844

Dec.3

0,7844

Nov.27

0,7844

Dec.4

0,7845

Nov.28

0,7844

Dec.5

0,7845

Average weekly

0,7844

Average weekly

0,78444

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: Dec. 1 - $1.188 million, Dec. 2 - $1.676 million, Dec. 4 - $1 million and Dec. 5 - $2.543 million. No deal was concluded Dec. 3.

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

Nov. 24

0,7829

Dec.1

0,7829

Nov.25

0,7829

Dec.2

0,7829

Nov.26

0,7829

Dec.3

0,7829

Nov.27

0,7829

Dec.4

0,7829

Nov.28

0,7829

Dec.5

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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Maksim Tsurkov is Trend Agency's staff journalist, follow him on Twitter: @MaksimTsurkov

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