Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Business News

Baku, Azerbaijan, Dec.7

By Ilaha Khalilova -Trend:

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) increased 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 25

0.7843

December 2

0.7844

November 26

0.7844

December 3

0.7844

November 27

0.7844

December 4

0.7843

November 28

0.7844

December 5

0.7843

November 29

0.7844

December 6

0.7843

Average weekly

0.78438

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: December 3 - $ 2.856 million, December 5 - $1.693 million, December 2, 4, 6 - no deals were concluded.

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

November 25

0.7835

December 2

0.7835

November 26

0.7835

December 3

0.7835

November 27

0.7835

December 4

0.7835

November 28

0.7835

December 5

0.7835

November 29

0.7835

December 6

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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