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 2 points or 0.04%. Average rate over 4 working days was established as 4595.5 manats per 1 US dollar. As a result of the week from 14 to 18 November average rate of US dollar turned out 0.7 points or 0.02% down than the similar figure, calculated on the base of rates, established in the week from 7 to 11 November.

Last week maximum rate of US dollar in respect to manat was established on 14,15 and 16 November (4596 manats per 1 US dollar), minimum вЂ" 18 November (4594 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 0.04%.

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 points or 0.02%. Average rate over 4 working days of last week was established as 4595.125 manats per US dollar. The average rate of US dollar in the end of the week from 14 to 18 November was set as 0.755 points or 0,016% more than the similar figure calculated on the base of rate established in the week from 7-11 November.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 16 November (4596 manats per 1 US dollar), minimum вЂ" on 18 November (4594 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 0,021%.

This week average exchange rate was 0,375 points down than average official rate of manat.