Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Business News

Azerbaijan, Baku, Sept.29/Trend I. Khalilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA) strengthened at 0,0001 points (0.01 percent). The average rate was established at 0.78528 manat to 1 U.S. dollar.

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

Sept.17

0,7853

Sept.24

0,7853

Sept.18

0,7853

Sept.25

0,7853

Sept.19

0,7853

Sept.26

0,7853

Sept.20

0,7853

Sept.27

0,7853

Sept.21

0,7853

Sept.28

0,7852

Average weekly

0,7853

Average weekly

0,78528

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 0.7846 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept 24 - $0.95 million with exchange rate of 0.7846 AZN/USD, Sept. 25 - $0.745 million with exchange rate of 0.7846 AZN/USD, Sept.26 - $3.552 million with exchange rate of 0.7846 AZN/USD, Sept.27 - $6.48 million with exchange rate of 0.7846 AZN/USD and Sept. 28 - $0.394 million with exchange rate of 0.7846 AZN/USD.

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

Sept.17

0,7846

Sept.24

0,7846

Sept.18

0,7846

Sept.25

0,7846

Sept.19

0,7846

Sept.26

0,7846

Sept.20

0,7846

Sept.27

0,7846

Sept.21

0,7846

Sept.28

0,7846

Average weekly

0,7846

Average weekly

0,7846

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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