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Weekly review of Azerbaijani currency market

Business Materials 16 March 2013 16:01 (UTC +04:00)

Azerbaijan, Baku, March 16 /Trend A.Akhundov/

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) increased by 0.0001 points (0.01 percent). The average rate was established at 0.78486 manat to 1 U.S. dollar.

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

March 4

0.7848

March 11

0.7849

March 5

0.7850

March 12

0.7849

March 6

0.7850

March 13

0.7849

March 7

0.7849

March 14

0.7848

March 8

0.7849

March 15

0.7848

Average weekly

0.78492

Average weekly

0,78486

As a result of last week's exchange, the stock exchange price of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), increased by 0.0001 points (0.01 percent). The average rate was set at 0.78368 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: March 12 - $5.432 million with exchange rate of 0.7837 AZN/USD, March 13 - $1.072 million with exchange rate of 0.7837 AZN/USD, March 14 - $1.035 million with exchange rate of 0.7837 AZN/USD, March 15 - $7.061 million with exchange rate of 0.7836 AZN/USD. No deals were concluded on March 11, so the exchange rate remained at 0.7837 AZN/USD.

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

March 4

0.7837

March 11

0.7837

March 5

0.7837

March 12

0.7837

March 6

0.7837

March 13

0.7837

March 7

0.7837

March 14

0.7837

March 8

0.7837

March 15

0.7836

Average weekly

0.7837

Average weekly

0.78368

March 11

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. No appeals were made on RUB/AZN and EUR/AZN.

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