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Currency market review in Azerbaijan

Politics Materials 5 December 2005 13:05
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 4 points or 0.87%. Average rate over 5 working days was established as 4593.6 manats per 1 US dollar. As a result of the week from 28 November to 2 December average rate of US dollar turned out 0.6 points or 0.013% down than the similar figure, calculated on the base of rates, established in the week from 21 to 25 November.

Last week maximum rate of US dollar in respect to manat was established on 28 November (4596 manats per 1 US dollar), minimum вЂ" 1 and 2 December (4592 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 4 points, or 0.087%.

Official rates of AzM in respect to USD

21

November

4595

28 November

November

4596

22 November

November

4593

29 November

November

4594

23 November

November

4593

30 November

November

4594

24 November

November

4594

1 December

December

4592

25 November

November

4596

2 December

December

4592

Average weekly

4594,2

Average weekly

4593,6



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 5 points or 0.1087%. Average rate over 5 working days of last week was established as 4593.128 manats per US dollar. The average rate of US dollar in the end of the week from 28 November to 2 December was set as 1.072 points or 0,023% more than the similar figure calculated on the base of rate established in the week from 21-25 November.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 28 November (4596 manats per 1 US dollar), minimum вЂ" on 2 December (4591 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 5 manats or 1,10879%.


Exchange rates of AzM in respect to USD

21 November

November

4595

28 November

November

4596

22 November

November

4593

29 November

November

4593,04

23 November

November

4593

30 November

November

4594

24 November

November

4594

1 December

December

4591,6

25 November

November

4596

2 December

December

4591

Average weekly

4594,2

Average weekly

4593,128



This week average exchange rate was 1,072 manats, or 0,023% down than average official rate of manat.

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