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Weekly review of Azerbaijani currency market

Business Materials 20 October 2012 09:00 (UTC +04:00)
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 0.78514 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Oct. 20 /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 0.78514 manat to 1 U.S. dollar.

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

Oct. 8

0,7851

Oct.15

0,7850

Oct.9

0,7851

Oct.16

0,7852

Oct.10

0,7851

Oct.17

0,7852

Oct.11

0,7851

Oct.18

0,7852

Oct.12

0,7850

Oct.19

0,7851

Average weekly

0,78508

Average weekly

0,78514

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), consolidated by 0.0001 points (0.01 percent). The average rate was set at 0.78412 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Oct. 15 - $1.1 million with exchange rate of 0.7841 AZN/USD, Oct. 16 - $2.963 million with exchange rate of 0.7841 AZN/USD, Oct. 17 - no deals were concluded, the exchange rate remained at 0.7841 AZN/USD, Oct. 18 - $10 million with exchange rate of 0.7842 AZN/USD and Oct. 19 - $3.544 million with exchange rate of 0.7841 AZN/USD.

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

Oct. 8

0,7841

Oct.15

0,7841

Oct.9

0,7841

Oct.16

0,7841

Oct.10

0,7841

Oct.17

0,7841

Oct.11

0,7841

Oct.18

0,7842

Oct.12

0,7841

Oct.19

0,7841

Average weekly

0,7841

Average weekly

0,78412

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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