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Dynamic of AZM: weekly review

Politics Materials 8 November 2005 13:11 (UTC +04:00)
Dynamic of AZM: weekly review

As a result of last week official rate of manat in respect to US dollar, set by the National Bank of Azerbaijan dropped 1 point or 0.02%. Average rate over 4 working days was established as 4597 manats per 1 US dollar. As a result of the week from 31 October to 3 November average rate of US dollar turned out 1.2 points or 0,026% more than the similar figure, calculated on the base of rates, established in the week from 24 to 28 October.

Last week maximum rate of US dollar in respect to manat was established on 3 November (4598 manats per 1 US dollar), minimum вЂ" 2 November (4596 manats per US dollar). Difference between maximum and minimum official rate of manat in respect to US dollar, set by the National Bank of Azerbaijan, comprised 2 points, or 0,044

Official rates of AzM in respect to USD

24 October

October

4595

31 October

October

4597

25 October

October

4595

1 November

November

4597

26 October

October

4597

2 November

November

4596

27 October

October

4596

3 November

November

4598

28 October

October

4596

Average weekly

4595,8

Average weekly

4597

Review of the currency market

As of results of last week exchange rates of Azerbaijani manat in respect to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BBVB) dropped 1 point or 0.02%. Average rate over 4 working days of last week was established as 4597 manats per US dollar. The average rate of US dollar in the end of the week from 31 October вЂ" 3 November was set as 1.2 points or 0,026% more than the similar figure calculated on the base of rate established in the week from 24 October вЂ" 28 October.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 3 November (4598 manats per 1 US dollar), minimum вЂ" on 2 November (4596 manats per 1 US dollar). Difference between maximum and minimum exchange rates of manat in respect to US dollar, set by the National Bank of Azerbaijan made up 2 manats or 0,044%.


Exchange rates of AzM in respect to USD

24 October

October

4595

31 October

October

4597

25 October

October

4595

1 November

November

4597

26 October

October

4597

2 November

November

4596

27 October

October

4596

3 November

November

4598

28 October

October

4596

Average weekly

4595,8

Average weekly

4597

This week average exchange and average official rate fully coincide and did not allow formation of spread between the two indices.

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