Weekly review of Azerbaijani currency market

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 0,0012 point or 0.12%. Average rate was established as 0.89788 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 5 June (0.8986 manats per 1 US dollar), minimum 8 and 9 June (0.8974 manats per US dollar)

Official rate of AZN in regard to USD

29 May

-

5 June

June

0,8986

30 May

0,8997

6 June

June

0,8982

31 May

0,8995

7 June

June

0,8978

1 June

0,8992

8 June

June

0,8974

2 June

0,8988

9 June

June

0,8974

Average weekly

0,8993

Average weekly

0,89788


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 0,0022 point or 0.22%. Average rate was fixed as 0.8972 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 5 and 6 May (0.8982 manats per 1 US dollar), minimum 9 June (0.8960 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $0,060m with average sustained exchange rate of 0,8982 AZN/USD on 5 June, $2,160m with average sustained rate of 0,8982 AZN/USD on 6 June, $0,837m with average sustained rate of 0,8968 AZN/USD on 7 June, no deal on 8 June and $0,980m with average sustained rate of 0,8960 AZN/USD 9 June and

Exchange rate of AZN in regard to USD

29 May

-

5 June

June

0,8982

30 May

0,8992

6 June

June

0,8982

31 May

0,8985

7 June

June

0,8968

1 June

0,8986

8 June

June

0,8968

2 June

0,8982

9 June

June

0,8960

Average weekly

0,898625

Average weekly

0,8972


Only one deal was concluded with EUR/AZN instrument (T+0) on 7 June in the amount of 62,000 euro. EURO rates comprised 1,1517 AZN.

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

In this period the prices of vouchers dropped. The prices of privatization shares were comprised 100,000 old manats (22 AZN) on 5 June, 100,000 old manats (22 AZN) on 6 June, 90,000 manats (18 AZN) on 7 June, 90,000 manats (18 AZN) on 8 June and 90,000 manats (18 AZN).9 June.

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