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.