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Weekly review of Azerbaijani currency market

Business Materials 3 May 2014 11:03 (UTC +04:00)
Last week the official rate of the manat to the U.S. dollar set by the Azerbaijani Central Bank remained unchanged. The average rate was established at 0.7843 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, May 3
By Ilaha Khalilova - Trend:

Last week the official rate of the manat to the U.S. dollar set by the Azerbaijani Central Bank remained unchanged. The average rate was established at 0.7843 manat to 1 U.S. dollar.

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

April 21

0,7843

April 28

0,7843

April 22

0,7843

April 29

0,7843

April 23

0,7843

April 30

0,7843

April 24

0,7843

May 1

0,7843

April 25

0,7843

May 2

0,7843

Average weekly

0,7843

Average weekly

0,7843

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 0.7830 manat to 1 U.S. dollar.

Deal concluded last week at BEST comprised: Apr. 28- $0.841 million, Apr. 29- $1.931 million, Apr. 30 -$2.235 million, May 1 - $1 million and May 2 - $ 0.710 million.

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

April 21

0,7830

April 28

0,7830

April 22

0,7830

April 29

0,7830

April 23

0,7830

April 30

0,7830

April 24

0,7830

May 1

0,7830

April 25

0,7830

May 2

0,7830

Average weekly

0,7830

Average weekly

0,7830

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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