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Weekly review of Azerbaijani currency market

Business Materials 23 June 2012 12:01 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), strengthen at 0.0001 points (0.01 percent). The average rate was established at 0. 78574 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, June 23 / Trend I.Khalilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), strengthen at 0.0001 points (0.01 percent). The average rate was established at 0. 78574 manat to 1 U.S. dollar.

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

June 11

0,7858

June 18

0,7851

June 12

0,7858

June 19

0,7858

June 13

0,7858

June 20

0,7857

June 14

0,7858

June 21

0,7857

June 15

-

June 22

0,7857

Average weekly

0,7858

Average weekly

0,78574

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), remained at 0.7858 manat to 1 U.S. dollar.

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), strengthen at 0.000 points (0.01 percent). Last week, the average rate was set at 0.78506 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 18-20 no deals were concluded, therefore exchange rate remained at 0.7851 AZN/USD, June 21 - $0. 670 million with exchange rate of 0.7850 AZN/USD, June 22 - no deals were concluded, therefore the exchange rate remained at 0.7850 AZN/USD.

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

June 11

0,7851

June18

0,7851

June 12

0,7851

June 19

0,7851

June 13

0,7851

June 20

0,7851

June 14

0,7851

June 21

0,7850

June 15

-

June22

0,7850

Average weekly

0,7851

Average weekly

0,78506

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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