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Weekly review of Azerbaijani currency market

Business Materials 20 April 2013 12:35 (UTC +04:00)
Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7847 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, April 20 / Trend I.Khalilova /

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7847 manat to 1 U.S. dollar.

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

April 8

0.7846

April 15

0.7847

April 9

0.7846

April 16

0.7847

April 10

0.7846

April 17

0.7847

April 11

0.7845

April 18

0.7847

April 12

0.7845

April 19

0.7847

Average weekly

0,78456

Average weekly

0.78457

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) remained unchanged. The average rate was set at 0.7836 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: April 15, 18- $1.792 million with exchange rate of 0.7836 AZN/USD, April 17 - $2.447 million with exchange rate of 0.7836 AZN/USD, April 19 - $0.817 million with exchange rate of 0.7836 AZN/USD. No deals were concluded on April 16, so the exchange rate remained at 0.7836 AZN/USD.

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

April 8

0.7836

April 15

0.7836

April 9

0.7836

April 16

0.7836

April 10

0.7836

April 17

0.7836

April 11

0.7836

April 18

0.7836

April 12

0.7836

April 19

0.7836

Average weekly

0.7836

Average weekly

0.7836

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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