Currency market review in Azerbaijan

Currency market review in Azerbaijan

As a result of last week official rate of manat in respect to US dollar, set by the National Bank of Azerbaijan grew 3 points or 0.07%. Average rate over 5 working days was established as 4996.2 manats per 1 US dollar. As a result of the week from 7 to 11 November average rate of US dollar turned out 0.8 points or 0.02% down than the similar figure, calculated on the base of rates, established in the week from 31 October to 3 October.

Last week maximum rate of US dollar in respect to manat was established on 7 November (4598 manats per 1 US dollar), minimum вЂ" 10 and 11 November (4595 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 3 points, or 0.7%.

Official rates of AzM in respect to

USD

31 October

October

4597

7 November

November

4598

1 November

November

4597

8 November

November

4596

2 November

November

4596

9 November

November

4597

3 November

November

4598

10 November

November

4595

11 November

November

4595

Average weekly

4597

Average weekly

4596,2



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 2.4 points or 0.05%. Average rate over 4 working days of last week was established as 4595.88 manats per US dollar. The average rate of US dollar in the end of the week from 7 to 11 November was set as 1.12 points or 0,024% more than the similar figure calculated on the base of rate established in the week from 31 October вЂ" 3 November.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 3 November (4597 manats per 1 US dollar), minimum вЂ" on 8, 10 and 11 November (4595 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 2.4 manats or 0,024%.

Exchange rates of AzM in respect to USD

31 October

October

4597

7 November

November

4597,4

1 November

November

4597

8 November

November

4595

2 November

November

4596

9 November

November

4597

3 November

November

4598

10 November

November

4595

11 November

November

4595

Average weekly

4597

Average weekly

4595.88

.88



This week average exchange rate was 0,32 points down than average official rate of manat

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