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Dynamics of changes in some economic segments

Politics Materials 14 March 2007 12:01

Oil market

Oil prices fell 1% lower than $61 per barrel at the trading sessions in Asia last week, amid fall on Asian stock markets strengthened the investors' threats in connection with economic rise.

The prices for oil fell down by more than one percent

Last Monday the April futures for the American light oil decreased by 69 cents up to $60.95. April futures for Brent oil cheapened by 73 cent up to $61.35 per barrel. Last week the oil prices increased by nearly 50 cent due to the issue that the investors practically did not give reaction to the global recession in the fund markets.

Currency Market

Last week (March 5th to 9th) the official rate of the manat against US dollar, set by the National Bank of Azerbaijan grew by 0,0003 point or 0.03%. The average rate was established as 0.878325 to 1 US dollar.

Last week the maximum rate of US dollar against manat was established on March 5th (0,8785 manats to 1 US dollar), minimum - on February 7th and 9th (0.8682 to US dollar).

As a result of last week's exchange rate of Azerbaijani manat against US dollar, established on the basis of results of the Baku Interbank Currency Exchange (BICEX), increased by 0,0003 point or 0.03%. The average rate was fixed at 0.868325 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on March 5th (0,8685 manats to 1 US dollar), minimum - March 7th and 9th (0.8682 manats to 1 US dollar

Deals concluded last week at BEST with transition to currency (T+0) comprised $4,170mln with an average sustained exchange rate of 0,8685 AZN/USD on March 5th, $2,360mln with an average sustained rate of 0,8684 AZN/USD on March 6th, $2,440mln with an average sustained rate of 0,8682 AZN/USD on March 7th, and $1,870mln with an average sustained rate of 0,8682 AZN/USD on March 9th

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

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