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Currency market review in Azerbaijan

Politics Materials 12 December 2005 17:34
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 0.065%. Average rate over 5 working days was established as 4592 manats per 1 US dollar. As a result of the week from 5 through 9 December average rate of US dollar turned out 1.6 points or 0.035% down than the similar figure, calculated on the base of rates, established in the week from 28 November through 2 December.

Last week maximum rate of US dollar in respect to manat was established on 5, 6 and 7 December (4593 manats per 1 US dollar), minimum вЂ" 9 December (4590 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 0.065%.

Official rates of AzM in respect to USD

28

November

4596

5 December

December

4593

29 November

4594

6 December

December

4593

30 November

4594

7 December

December

4593

1 December

4592

8 December

December

4591

2 December

4592

9 December

December

4590

Average weekly

4593,6

Average weekly

4592

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 3 points or 0.065%. Average rate over 5 working days of last week was established as 4592 manats per US dollar. The average rate of US dollar in the end of the week from 5 through 9 December was set as 1.128 points or 0,025% more than the similar figure calculated on the base of rate established in the week from 28 through 2 December.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 5, 6 and 7 December (4593 manats per 1 US dollar), minimum вЂ" on 9 December (4590 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 3 manats or o,065%.

Official rates of AzM in respect to USD

28 November

4596

5 December

December

4593

29 November

4593,04

6 December

December

4593

30 November

4594

7 December

December

4593

1 December

4591,6

8 December

December

4591

2 December

4591

9 December

December

4590

Average weekly

4593,128

Average weekly

4592


This week official and average exchange rate coincided each other.

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