10 February 2012, 12:23 (GMT+04:00)

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Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, Feb. 15 / Trend N.Ismayilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0001 points or 0.01 percent. The average rate was established at 0.80334 manat to 1 U.S. dollar

Last week the maximum rate of the US dollar compared to manat was established Feb.8-9 (0. 8034 manat to 1 U.S. dollar) and minimum Feb.10-12 (0.8033 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Feb.1

0,8035

Feb.8

0,8034

Feb.2

0,8035

Feb.9

0,8034

Feb.3

0,8034

Feb.10

0,8033

Feb.4

0,8034

Feb.11

0,8033

Feb.5

0,8034

Feb.12

0,8033

Average weekly

0,80344

Average weekly

0,80334

As a result of last week's exchange rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), were stable. The average rate was fixed at 0.8034 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Feb.8- $1.636 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, Feb.9, $2.23 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, Feb.10, $5.285 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, Feb.11, $0.47 million with the average sustained rate of 0.8034 manat to 1 U.S. dollar, and Feb.12, $0.89 million with the average sustained rate of 0.8034 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Feb.1

0,8035

Feb.8

0,8034

Feb.2

0,8030

Feb.9

0,8034

Feb.3

0,8034

Feb.10

0,8034

Feb.4

0,8030

Feb.11

0,8034

Feb.5

0,8030

Feb.12

0,8034

Average weekly

0,80318

Average weekly

0,8034

No deal was concluded with USD/AZN T+1 and T+2 due to an absence of appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN.

Last week the price of the privatization vouchers stood at the same level, purchase was 8 manat, and sale - 9 manat.

Under the President Ilham Aliyev's decree on additional measures for ensuring the use of the state privatization vouchers, the validity period of the vouchers was prolonged until Jan. 1, 2011. This decision was taken due to the fact that about 80 percent of the check is derived from the circulation.

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