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Weekly review of Azerbaijani currency market

Politics Materials 28 August 2006 17:15 (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 0.0014 point or 0.14%. Average rate was established as 0.88396 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 21 August (0.8847 manats per 1 US dollar), minimum August 25 (0.8833 manats per US dollar)

Official rate of AZN in regard to USD

14 August

August

0,8862

21 August

August

0,8847

15 August

August

0,8857

22 August

August

0,8844

16 August

August

0,8857

23 August

August

0,8839

17 August

August

0,8854

24 August

August

0,8835

18 August

August

0,8852

25 August

August

0,8833

Average weekly

0,88564

Average weekly

0,88396

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 0.0013 point or 0.13%. Average rate was fixed as 0.88346 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 21 August (0.8841 manats per 1 US dollar), minimum August 25 (0.8828 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $4.6m with average sustained exchange rate of 0.8841 AZN/USD on August 21, $4,690m with average sustained rate of 0.8839 AZN/USD on August 22, $3,1m with average sustained rate of 0.8835 AZN/USD on August 23, $17.130m with average sustained rate of 0.8830 AZN/USD on August 24 and $9.095m with average sustained rate of 0.8828 AZN/USD on August 25.

Exchange rate of AZN in regard to USD

14 August

14 August

0,8858

21 August

August

0,8841

15 August

August

0,8848

22 August

August

0,8839

16August

August

0,8852

23 August

August

0,8835

17 August

August

0,8850

24 August

August

0,8830

18 August

August

0,8846

25 August

August

0,8828

Average weekly

0,88508

Average weekly

0,88346

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

In this period prices of vouchers went down and comprised 85.000 old manats (17 AZN), and only on August 24, in relation with announcement of the list of state enterprises and facilities opened for the privatization, the prices increased to 90.000 old manats (18 AZN). According to the order of the president, 401 social enterprises and facilities

Exchange rate of AZN in regard to USD

14 August

14 August

0,8858

21 August

August

0,8841

15 August

August

0,8848

22 August

August

0,8839

16August

August

0,8852

23 August

August

0,8835

17 August

August

0,8850

24 August

August

0,8830

18 August

August

0,8846

25 August

August

0,8828

Average weekly

0,88508

Average weekly

0,88346

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

In this period prices of vouchers went down and comprised 85.000 old manats (17 AZN), and only on August 24, in relation with announcement of the list of state enterprises and facilities opened for the privatization, the prices increased to 90.000 old manats (18 AZN). According to the order of the president, 401 social enterprises and facilities

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