Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Finance

Azerbaijan, Baku, May 12 / Trend I.Khalilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), decreased by 0.0001 points (0.01 percent). The average rate was established at 0.78598 manat to 1 U.S. dollar.

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

April 30

0,7862

May 7

0,7860

May 1

0,7862

May 8

0,7860

May 2

0,7862

May 9

0,7860

May 3

0,7860

May 10

0,7860

May 4

0,7860

May 11

0,7859

Average weekly

0,786112

Average weekly

0,78598

As a result of last week's exchange, the rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), consolidated by 0.0005 points (0.05). Last week, the average rate was set at 0.7852 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: May 7 no deals were concluded, therefore exchange rate remained at 0.7853 AZN/USD, May 8 - $1.846 million with exchange rate of 0.7853 AZN/USD, May 9-10 - no deals were concluded, therefore exchange rate remained at 0.7853 AZN/USD, May 11 -$1.5 million with exchange rate of 0.7848 AZN/USD.

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

April 30

0,7855

May 7

0,7853

May 1

0,7855

May 8

0,7853

May 2

0,7855

May 9

0,7853

May 3

0,7855

May 10

0,7853

May 4

0,7855

May 11

0,7848

Average weekly

0,7855

Average weekly

0,7852

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. On appeals on RUB/AZN and EUR/AZN, appeals were not made.

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