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Weekly review of Azerbaijani currency market

Business Materials 11 August 2012 15:30 (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 0.78555 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Aug. 11 / 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 0.78555 manat to 1 U.S. dollar.

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

July 30

0,7856

Aug.6

0,7855

July 31

0,7855

Aug.7

0,7856

Aug.1

0,7855

Aug.8

0,7856

Aug.2

0,7855

Aug.9

0,7854

Aug.3

0,7855

Aug.10

0,7854

Average weekly

0,78552

Average weekly

0,7855

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), didn't' change. The average rate was set at 0.7848 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Aug. 6 - $2.43 million with exchange rate at 0.7848 AZN/USD, Aug. 7 - $2.24 million with exchange rate at 0.7848 AZN/USD, Aug. 8- $2.85 million with exchange rate of 0.7848 AZN/USD.

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

July 30

0,7849

Aug.6

0,7848

July 31

0,7848

Aug.7

0,7848

Aug.1

0,7848

Aug.8

0,7848

Aug.2

0,7848

Aug.9

0,7848

Aug.3

0,7848

Aug.10

0,7848

Average weekly

0,78482

Average weekly

0,7848

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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