Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Business News

Baku, Azerbaijan, Dec. 14

By Abbas Akhundov -Trend:

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) decreased by 0.0001 points (or by 0.01 percent). The average rate was established at 0.78432 manat to 1 U.S. dollar.

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

Dec. 2

0,7844

Dec.9

0,7843

Dec.3

0,7844

Dec.10

0,7843

Dec.4

0,7843

Dec.11

0,7843

Dec.5

0,7843

Dec.12

0,7843

Dec.6

0,7843

Dec.13

0,7844

Average weekly

0,78434

Average weekly

0,78432

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 9 - $ 2.24 million, December 10 - $2.03 million, December 11 - $5.25 million, December 12 - $2.51 million, December 13 - no deals were concluded.

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

Dec. 2

0,7835

Dec.9

0,7835

Dec.3

0,7835

Dec.10

0,7835

Dec.4

0,7835

Dec.11

0,7835

Dec.5

0,7835

Dec.12

0,7835

Dec.6

0,7835

Dec.13

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.

Translated by NH

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