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Dynamics of changes in some economic segments

Politics Materials 26 December 2006 12:01 (UTC +04:00)

Oil Market

The futures oil prices on 22 December fell, but changed inconsiderably. The results of trading sessions on the contracts for the February at the exchanges were as follows:

At the London-based Inter-Continental Exchange, ICE, the February futures for Sweet Crude Oil dropped $0.25, or to $62.41, amid prices fluctuating between $62.10-$63.09 per barrel.

During the trading sessions at InterContinental Exchange Futures (IРЎE Futures) IPE Brent Crude futures prices went up $0.04 and made up $62.42 per barrel amid prices fluctuating between $62.02-$63.03 per barrel.

The trading session on 22 December were characterized with low activity, which were explained with the forthcoming day-offs in the United States and European countries in connection with Christmas.

Currency Market

As per last weeks results (18-21 December), 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 0.87174 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 18 and 19 December (0.8718 manats per 1 US dollar), minimum 20, 21 and 22 December (0.8717) 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 0,0002 points or 0.02%. Average rate was fixed as 0.87172 manats per US dollar.

Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on 18 and 19 December (0.8718 manats per 1 US dollar), minimum 22 December (0.8716 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $5,750mln with average sustained exchange rate of 0.8718 AZN/USD on 18 December, $1,640mln with average sustained rate of 0.8718 AZN/USD on 19 December, $10,174mln with average sustained rate of 0.8717 AZN/USD on 20 December, $42,480mln with average sustained rate of 0.8717 AZN/USD on 21 December, and $54.540mln with average sustained rate of 0.8716 AZN/USD on 22 December.

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

Privatization Shares Market

During this period the prices of vouchers dropped and made up 75,000 old manats (15 AZN) and 79 manats (15.8 AZN) on 19 December. But only in the end of the week they increased to 80,000 old manats (16 AZN).

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