Currency market review in Azerbaijan

Currency market review in Azerbaijan

As a result of the last week official rate of manat in regard to US dollar, set by the National Bank of Azerbaijan dropped by 1 point or 0.22%. Average rate over 5 working days was established as 4594.2 manats per 1 US dollar. As a result of the week from 21 to 25 November average rate of US dollar turned out 1.3 points or 0.28% less than the similar figure, calculated on the base of rates, established in the week from 14 to 18 November.

Last week maximum rate of US dollar in regard to manat was established on 25 November (4596 manats per 1 US dollar), minimum вЂ" 22-23 November (4593 manats per US dollar). Difference between maximum and minimum official rate of manat in respect to US dollar, set by NBA, made up 3 points, or 0.065%.


Official rates of AZM in regard to USD

14

November

4596

6

21 November

1 November

4595

5

15 November

4596

22 November

November

4593

3

16November

4596

6

23 November

November

4593

3

17 November

24 November

November

4594

18 November

4594

4

25 November

November

4596

6

Average weekly

4595.5

5.5

Average weekly

4594.2

4.2


Review of the currency market

As of results of the last week exchange rates of Azerbaijani manat in regard to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) dropped 1 points or 0.02%. Average rate over 5 working days of the last week was established as 4594.2 manats per US dollar. The average rate of US dollar in the end of the week from 21 to 25November was set as 1.3 points or 0,028% higher than the similar figure calculated on the base of rate established in the week from 14-18 November.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 25 November (4596 manats per 1 US dollar), minimum вЂ" on 22-23 November (4593 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 comprised up 3 manats or 0,065%.

Exchange rates of AZM in regard to USD

14 November

45954

54

21 November

November

4595

15 November

4595.5

.5

22November

November

4593

3

16 November

4596

6

23 November

November

4593

3

17 November

24 November

November

4594

18November

4594

4

25 November

November

4596

6

Average weekly

4595,125

125

Average weekly

4594.2

4.2


This week the average exchange rate was equal to the average official rate of manat.

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