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Weekly review of Azerbaijani currency market

Politics Materials 10 April 2006 12:17 (UTC +04:00)
Weekly review of Azerbaijani currency market

As a result of the last week official rate of manat in regard to US dollar, set by the National Bank of Azerbaijan grew 0,0007 point or 0.07%. Average rate was established as 0.90862 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 3 April (0.9090 manats per 1 US dollar), minimum 7 April (0.9083 manats per US dollar

Official rate of AZN in regard to USD

27 March

0,9097

3 April

0,9090

28 March

0,9097

4 April

0,9087

29

March

0,9096

5 April

0,9085

30 March

0,9093

6 April

0,9086

31 March

0,9090

7 April

0,9083

Average weekly

0,90946

Average weekly

0,90862


As of results of the last week exchange rates of Azerbaijani manat in regard to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0009 point or 0.09%. Average rate was fixed as 0.90836 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 3 and 4 April (0.9088 manats per 1 US dollar), minimum 7 April (0.9079 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $7,075 with average sustained exchange rate of 0,9088 AZN/USD on 3 April, $5.2m with average sustained rate of 0,9088 AZN/USD on 4 April, $6,798m with average sustained rate of 0,9081 AZN/USD on 5 April, $7,222m with average rate of 0,9082 AZN/USD 6 April, and $7,120m with average sustained rate of 0,9079 AZN/USD - 7 April .

Exchange rate of AZN in regard to USD

27 March

0,9097

3 April

0,9088

28 March

0,9093

4 April

0,9088

29 March

0,9091

5 April

0,9081

30 March

0,9089

6 April

0,9082

31 March

0,9085

7 April

0,9079

Average weekly

0,9091

Average weekly

0,90836


Last week no deals were concluded through Russian currency and euro to absence of appeals.

Prices of vouchers grew in price. On 3 April prices of vouchers rose to 85,000 manats (17 AZN), while next day (4 April) it dropped 80,000 manats (16 AZN), on 5 and 6 April it stood at 70,000 manats (14 AZN), while on 7 April it starting rising and got fixed at 75,000 manats (15 AZN).

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