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Weekly review of Azerbaijani currency market

Business Materials 17 December 2011 13:52 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan, decreased by 0.0001 point (0.01 percent). The average rate was established at 0.78636 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Dec.17 / Trend , N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan, decreased by 0.0001 point (0.01 percent). The average rate was established at 0.78636 manat to 1 U.S. dollar.

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

Dec.5

0.7865

Dec.12

0.7864

Dec.6

0.7865

Dec.13

0.7864

Dec.7

0.7864

Dec.14

0.7863

Dec.8

0.7864

Dec.15

0.7863

Dec.9

0.7864

Dec.16

0.7864

Average weekly

0.78644

Average weekly

0.78636

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) decreased by 0.0007 point (0.07 percent) and amounted to 0.78568 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Dec.12 - $31.007 million with exchange rate of 0.7857 AZN/USD, Dec.13 - $87.311 million with the exchange rate of 0.7855 AZN/USD, Dec.14 - $0.783 million with the exchange rate 0.7855 AZN/USD, Dec.15 - $0.794 million with the exchange rate 0.7855 AZN/USD, Dec.16 - $14.1 million with the exchange rate 0.7862 AZN/USD.

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

Dec.5

0.7857

Dec.12

0.7857

Dec.6

0.7857

Dec.13

0.7855

Dec.7

0.7856

Dec.14

0.7855

Dec.8

0.7856

Dec.15

0.7855

Dec.9

0.7856

Dec.16

0.7862

Average weekly

0.78564

Average weekly

0.78568

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers.

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