Weekly Review of the Azerbaijani Currency Market

As per last weeks results, the official rate of Azeri manat in regards to the US dollar, set by the National Bank of Azerbaijan, grew by 0,0001 points or 0.01%. The average rate was established at 0.87263 manats per 1 US dollar, Trend reports

Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on November 14 (0.8727 manats per 1 US dollar), minimum November 15 and 16 (0.8726) manats per US dollar).

As per the last week results, exchange rates of the Azerbaijani manat with regards to the US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0010 points or 0.10%. Average rate was fixed as 0.87227 manats per US dollar.

Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on November 14 and 15 (0.8726 manats per 1 US dollar), minimum November 16 (0.8716 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $14,549 mln with average sustained exchange rate of 0.8726 AZN/USD on November 14, $2,809mln with average sustained rate of 0.8726 AZN/USD on November 15, $3,696mln with average sustained rate of 0.8716 AZN/USD on November 16.

Due to the absence of appeals, no deal was concluded with Russian rouble and Euros last week.

During this period the prices of vouchers were stable and made up 82,000 old manats (16.4 AZN).