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Weekly review of Azerbaijani currency market

Business Materials 16 February 2013 13:33 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) increased by 0.0001 points (0.013 percent). The average rate was established at 0.78476 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, 16 Feb. / Trend A.Akhundov /

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) increased by 0.0001 points (0.013 percent). The average rate was established at 0.78476 manat to 1 U.S. dollar.

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

Feb. 4

0.7844

Feb. 11

0.7848

Feb. 5

0.7846

Feb. 12

0.7848

Feb. 6

0.7847

Feb. 13

0.7848

Feb. 7

0.7848

Feb. 14

0.7847

Feb. 8

0.7848

Feb. 15

0.7847

Average weekly

0.78466

Average weekly

0.78476

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), decreased by 0.0003 points (0.038 percent). The average rate was set at 0.78346 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: No deals were concluded on Feb. 11 and Feb. 13, resulting in exchange rate remaining stable at 0.7834 AZN/USD, Feb. 12 - $5.536 million with exchange rate of 0.7834 AZN/USD, Feb.14 - $1.859 million with exchange rate of 0.7834 AZN/USD, Feb. 15 -$2.453 million with exchange rate of 0.7837 AZN/USD.

Stock exchange price of manat to 1 U.S. dollar:

Feb. 4

0.7834

Feb. 11

0.7834

Feb. 5

0.7834

Feb. 12

0.7834

Feb. 6

0.7834

Feb. 13

0.7834

Feb. 7

0.7834

Feb. 14

0.7834

Feb. 8

0.7834

Feb. 15

0.7837

Average weekly

0.7834

Average weekly

0.78346

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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