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Weekly review of Azerbaijani currency market

Business Materials 25 February 2012 12:32 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), particularly did not change.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Feb.25 / Trend, A.Akhundov /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), particularly did not change.

Last week the average rate was fixed at 0.78632 manat to 1 U.S. dollar, while a week earlier the rate was 0.78618 manat.

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

Feb.13

0.7863

Feb.20

0.7863

Feb.14

0.7861

Feb.21

0.7862

Feb.15

0.7861

Feb.22

0.7864

Feb.16

0.7861

Feb.23

0.7864

Feb.17

0.7863

Feb.24

0.7863

Average weekly

0.78618

Average weekly

0.78632

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), did not change and remained at 0.7853 manat to 1 U.S. dollar. Last week, the average rate was set at 0.7853 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Feb.21 - $1.84 million with exchange rate of 0.7853 AZN/USD, Feb.22 - $1.072 million with exchange rate of 0.7853 AZN/USD, Feb.23 - $0.798 million with exchange rate of 0.7853 AZN/USD, Feb.24 - $0.372 million with exchange rate of 0.7853 AZN/USD and Feb.17 - $0.737 million with exchange rate of 0.7853 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

Feb.13

0.7855

Feb.20

0.7853

Feb.14

0.7855

Feb.21

0.7853

Feb.15

0.7853

Feb.22

0.7853

Feb.16

0.7853

Feb.23

0.7853

Feb.17

0.7853

Feb.24

0.7853

Average weekly

0.78538

Average weekly

0.7853

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

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