Weekly review of Azerbaijani currency market

Photo: Weekly review of Azerbaijani currency market / Business News

Baku, Azerbaijan, Dec.29

By Emin Aliyev -Trend:

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 0.7845 manat to 1 U.S. dollar.

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

December 14

-

December 23

0,7845

December 15

-

December 24

0,7845

December 16

0,7844

December 25

0,7845

December 17

0,7844

December 26

0,7845

December 18

0,7844

December 27

0,7845

December 19

0,7844

December 28

0,7845

December 20

0,7845

December 29

0,7845

Average weekly

0,78442

Average weekly

0,7845

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 24 - $ 2.274 million, December 27- $ 9.382 million, Dec. 25, 26, 28 and 29 - no deals were concluded.

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

December 14

-

December 23

0,7835

December 15

-

December 24

0,7835

December 16

0,7835

December 25

0,7835

December 17

0,7835

December 26

0,7835

December 18

0,7835

December 27

0,7835

December 19

0,7835

December 28

0,7835

December 20

0,7835

December 29

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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