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Weekly review of Azerbaijani currency market

Business Materials 30 June 2012 12:31 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78565 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, June 30 / Trend A.Akhundov /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78565 manat to 1 U.S. dollar.

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

June 18

0.7858

June 25

0.7857

June 19

0.7858

June 26

-

June 20

0.7857

June 27

0.7857

June 21

0.7857

June 28

0.7856

June 22

0.7857

June 29

0.7856

Average weekly

0.78574

Average weekly

0.78565

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.

The average rate was set at 0.7850 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 27 - $0.4 million with exchange rate of 0.7850 AZN/USD, June 29 - $0.475 million with exchange rate of 0.7850 AZN/USD.

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

June 18

0.7851

June 25

0.7850

June 19

0.7851

June 26

-

June 20

0.7851

June 27

0.7850

June 21

0.7850

June 28

0.7850

June 22

0.7850

June 29

0.7850

Average weekly

0.78506

Average weekly

0.7850

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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