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Weekly review of Azerbaijani currency market

Politics Materials 5 June 2006 12:30 (UTC +04:00)

As a result of the last week official rate of manat in regard to US dollar, set by the National Bank of Azerbaijan grew 0,0009 point or 0.09%. Average rate was established as 0.8993 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 30 May (0.8997 manats per 1 US dollar), minimum 2 June (0.8988 manats per US dollar)

Official rate of AZN in regard to USD

22 May

0,9007

29 May

-

23 May

0,9006

30 May

0,8997

24 May

0,9004

31 May

0,8995

25 May

0,9002

1 June

0,8992

26 May

0,9000

2 June

0,8988

Average

weekly

0,90038

Average weekly

0,8993


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 0,001 point or 0.01%. Average rate was fixed as 0.898625 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 30 May (0.8992 manats per 1 US dollar), minimum 2 June (0.8982 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $1,100m with average sustained exchange rate of 0,8992 AZN/USD on 30 May, $0,300m with average sustained rate of 0,8985 AZN/USD on 31 May, $1,625m with average sustained rate of 0,8986 AZN/USD on 1 June, $3,940m with average sustained rate of 0,8982 AZN/USD 2 June and

Exchange rate of AZN in regard to USD

22 May

May

0,9003

29 May

May

-

23 May

May

0,9002

30 May

May

0,8992

24 May

May

0,9002

31 May

May

0,8985

25 May

May

0,8996

1 June

June

0,8986

26 May

May

0,8996

2 June

June

0,8982

Average weekly

0,89998

Average weekly

0,898625


Only one deal was concluded with EUR/AZN instrument (T+0) on 1 June in the amount of 200,000 euro. EURO rates comprised 1,1455 AZN.

No deal was concluded with Russian ruble last week due to absence of appeals.

In this period prices of vouchers were stable and comprised 100,000 old manats (22 AZN).

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