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Currency market review in Azerbaijan

Politics Materials 19 December 2005 14:55
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 1 points or 0.022%. Average rate over 5 working days was established as 4591.2 manats per 1 US dollar. As a result of the week from 12 through 16 December average rate of US dollar turned out 0.8 points or 0.017% down than the similar figure, calculated on the base of rates, established in the week from 5 through 9 December.

Last week maximum rate of US dollar in respect to manat was established on 13 and 14 December (4592 manats per 1 US dollar), minimum вЂ" 12 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 2 points, or 0.043%.

Official rates of AzM in respect to USD

5 December

4593

12 December

December

4590

0

6

December

4593

13 December

December

4592

2

7 December

4593

14 December

December

4592

2

8 December

4591

15 December

December

4591

9 December

4590

16 December

December

4591

1

Average weekly

4592

Average weekly

4591,2

1,2



Review of the currency market

As of results of last week exchange rates of Azerbaijani manat in respect to euro established on the base of results of the Baku Interbank Currency Exchange (BBVB) grew 1 points or 0.022%. Average rate over 5 working days of last week was established as 4591 manats per US dollar. The average rate of euro in the end of the week from 12 through 16 December was set as 0.8 points or 0,017% more than the similar figure calculated on the base of rate established in the week from 5 through 9 December.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 13 and 14 December (4592 manats per 1 US dollar), minimum вЂ" on 12 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 2 manats or o,043%.

Exchange rate of AZM in regard to US dollar

5 December

4593

12 December

December

4590

0

6 December

4593

13 December

December

4592

2

7 December

4593

14 December

December

4592

2

8 December

4591

15 December

December

4591

9 December

4590

16 December

December

4591

1

Average weekly

4592

Average weekly

4591,2



This week official and average exchange rate coincided each other.

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