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Currency market review in Azerbaijan

Politics Materials 26 December 2005 19:07 (UTC +04:00)
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 did not change. Average rate over 5 working days was established as 4592.6 manats per 1 US dollar. As a result of the week from 19 to 23 December average rate of US dollar turned out 1.4 points or 0.03% down than the similar figure, calculated on the base of rates, established in the week from 12 to 16 November.

Last week maximum rate of US dollar in respect to manat was established 21 December (4594 manats per 1 US dollar), minimum вЂ" 19, 22, 23 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 2 points, or 0.044%.

Official rates of AzM in respect to USD

12 December

4590

19 December

4590

13 December

4592

20 December

4592

14 December

4592

21 December

4592

15 December

4591

22 December

4591

16 December

4591

23 December

4591

Average weekly

4591,2

Average weekly

4592,6

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) did not change. Average rate over 5 working days of last week was established as 4592.6 manats per US dollar. The average rate of US dollar in the end of the week from 19 to 23 December was set as 1.4 points or 0,03% down than the similar figure calculated on the base of rate established in the week from 12-16 November.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 21 December (4594 manats per 1 US dollar), minimum вЂ" on 19, 22, 23 December (4592 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 0,044%.


Exchange rates of AzM in respect to USD

12 December

4590

0

19 December

December

4590

0

13 December

4592

2

20 December

December

4592

2

14 December

4592

2

21 December

December

4592

2

15 December

4591

1

22 December

December

4591

16 December

4591

1

23 December

December

4591

Average weekly

4591,2

1,2

Average weekly

4592,6

2,6


Last week average exchange rate coincided with the average official rate of manat.

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