Dynamics of changes in some economic segments

Oil market

Futures oil prices descended in eth week from 1 to 5 October. On Friday (5 October) the November oil futures for Brent at ICE Futures in London closed at $78.90 per barrel as compared to $79.19 last Friday. The November futures for Light Sweet at New York Mercantile Exchange (NYMEX) concluded the trading sessions on 5 October at $81.22 per barrel compared to $81.66 last week.

Major factor casing drop in oil prices at the end of last week was fall in quotes on 1 October Brent fall by $1.53 to $77.64 per barrel, while November futures for Light Sweet went down by $1.42 to $80.24 per barrel. Oil prices continued corrected movement, which observed at the end of previous week, after a new jump in prices of Light Sweet to $83 per barrel.

Currency market

Last week (1 - 5 October) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan rose by 0.0003 points or 0.03%. The average rate was established at 0.85082 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 1 October (0.8510 manats to 1 US dollar), the minimum on 4 and 5 October (0.8507 to 1 US dollar).

As a result of last week's exchange rate of the Azerbaijani manat against the US dollar, established on the basis of results from the Baku Interbank Currency Exchange (BICEX), decreased by 0.0002 points or 0.02%. The average rate was fixed at 0.85032 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 1 October (AZN 0.8505 to 1 US dollar), the minimum on 3 and 4 October (AZN 0.8507 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $0.55mln with an average sustained exchange rate of 0.8505 AZN/USD on 1 October, $9.48mln with an average sustained rate of 8.8502 AZN/USD on 2 October, $8.186mln with an average sustained rate of 0.8502 AZN/USD on 3 October, $6.705mln with an average sustained rate of 0.8509 AZN/USD on 4 October and $4.06mln with the rate of 0.8503 AZN/USD on 5 October.

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. No deal with EUR/AZN T+0 was fixed.

Privatization shares market

In this period the price of vouchers was AZN 16. The allocation of privatization vouchers expires on the 1 January 2008.

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