Azerbaijan currency market survey

Azerbaijan currency market survey

As of results of the previous week, the official rate of AZN set by the National Bank of Azerbaijan (NBA) AZN in regard to USD consolidated grew 0,0004 points (0.04%). The average rate for five weekdays of the passed week was set at the level of 0,9119 AZN for 1 USD.

The maximal rate of USD last week against AZN was set on 6 March (0,9124 AZN per 1 USD), minimal - on 9 an 10 March (0,9116 AZN for 1 USD).

As of results of the previous week, the official rate of AZN of the Baku Interbank Currency Exchange (BSEX) in regard to USD grew 0,0008 points (0.08%). The average rate for five weekdays of the passed week was set at the level of 0,9119 AZN for 1 USD.

The maximal rate of USD against AZN last week was set on 6 March (0,9124 AZN per 1 USD), minimal on 10 March (0,9116 AZN for 1 USD).

Official rate of AZN against USD

27 February

0,9130

6 March

0.9124

28 February

0,9130

7 March

0.9120

1 March

0,9128

9 March

0.9116

2 March

0,9129

10 March

0.9116

3 March

0,9124

Average weekly

0,91282

Average weekly

0,9119

Last week deal through transition to currency the same day (Рў+0) was concluded at BEST: it comprised 9 March $0,201m with the average sustained exchange rate of 0,9124 AZN/USD, 7 March - $1,070m with the rate of 0,9118 AZN/USD, 9 March - $0,210m with the rate of 0,9118 AZN/USD and 10 March $0,993m with the rate of 0,9116 AZN/USD.

Exchange rate of AZN against USD

27 February

0,9127

6 March

0,9124

28 February

0,9128

7 March

0,9118

1 March

0,9128

9 March

0,9118

2 March

0,9126

10 March

0,9116

3 March

0,9124

Average weekly

0,91266

Average weekly

0,9119

A deal with Russian rubles through transition to currency the same day (Рў+0) was concluded on 10 March in the amount of 222,000 rubles with the average sustained rate of 0,0325 AZN/RUB, while no deal with the European currency was concluded last week.

In this period the prices of privatization shares changed growing 12 manats against 10 manats in previous week. The traders explain that it is not linked with the check auctions at all, in the opposite prices fell down that days. There was not special demand for them last week.

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