Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Finance

Baku, Azerbaijan, Jan.11

By Emin Aliyev-Trend:

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) decreased by 0.0001 points (or by 0.01 percent). The average rate was established at 0.78445 manat to 1 U.S. dollar.

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

December 23

0.7845

December 24

0.7845

December 25

0.7845

December 26

0.7845

January 7

0.7845

December 27

0.7845

January 8

0.7845

December 28

0.7845

January 9

0.7845

December 29

0.7845

January 10

0.7845

Average weekly

0.7845

Average weekly

0.78445

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 0.7835 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: January 9- $ 0.84 million, January 7, 8, 10 - no deals were concluded.

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

December 23

0.7835

December 24

0.7835

December 25

0.7835

December 26

0.7835

January 7

0.7835

December 27

0.7835

January 8

0.7835

December 28

0.7835

January 9

0.7835

December 29

0.7835

January 10

0.7835

Average weekly

0.7835

Average weekly

0.7835

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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