Oil market
Oil futures prices continued drop from the beginning of the week and as of 22 October dropped to the level of 5 calendar days. Results of trading sessions at the exchanges were as follows:
- at the New York Mercantile Exchange (NYMEX) official price of Light, Sweet Crude Oil (November) futures dropped by $1 and $0.04 (-1.2%) and was established at the point of $87.56 per barrel amid prices fluctuating between $86.17-$88.86 per barrel during the session;
- At the London based InterContinental Exchange Futures (IСE Futures) the official price of IPE Brent Crude (December) dropped by $0.52 (-0.6%) and was established at $83.27 per barrel amid prices fluctuating between $81.63-$84.09 per barrel during the session;
Currency market
Last week (15 - 19 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 AZN 0.850175 to 1 US dollar.
Last week the maximum rate of the US dollar against the manat was established on 16 and 17 October (0.8503 manats to 1 US dollar), the minimum on 19 October (0.8500 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 0.0001 points or 0.01%. The average rate was fixed at 0.8497 to 1 US dollar.
Last week the maximum rate of the US dollar against the manat was established on 16 October (AZN 0.8502 to 1 US dollar), the minimum on 19 October (AZN 0.8492 to 1 US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $0.0mln due to absence of deals in connection with holidays on 15 October, $0.4mln with an average sustained rate of 8.8502 AZN/USD on 16 October, $1.97mln with an average sustained rate of 0.8501 AZN/USD on 17 October, $2.529mln with an average sustained rate of 0.8493 AZN/USD on 18 October and $2.070mln with the rate of 0.8492 AZN/USD on 19 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 dropped by AZN 1 to AZN 14. The allocation of privatization vouchers expires on the 1 January 2008.