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Weekly review of Azerbaijani currency market

Business Materials 23 November 2013 12:14 (UTC +04:00)
Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) reduced by 0.0001 points (or by 0.01 percent).
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Nov. 23/

Abbas Akhundov - Trend:

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) reduced by 0.0001 points (or by 0.01 percent). The average rate was established at 0.78434 manat to 1 U.S. dollar.

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

November 11

-

November 18

0,7844

November 12

0,7843

November 19

0,7844

November 13

0,7843

November 20

0,7843

November 14

0,7843

November 21

0,7843

November 15

0,7844

November 22

0,7843

Average weekly

0,784325

Average weekly

0,78434

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 0.7835 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: November 19 - $ 7.25 million, November 20 - $0.4 million, November 22- $4.06 million. On November 18,21 - no deals were concluded.

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

November 11

0,7835

November 18

0,7835

November 12

0,7835

November 19

0,7835

November 13

0,7835

November 20

0,7835

November 14

0,7835

November 21

0,7835

November 15

0,7835

November 22

0,7835

Average weekly

0,7835

Average weekly

0,7835

No deal was concluded with USD/AZN T+1 and T+2 due to lack of appeals made by dealers. Appeals on EUR/AZN and RUB/AZN were not made by banks in BEST.

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