Dynamics of changes in some economic segments
On 20 July the oil futures dropped, but remained still high. The results of trading sessions on futures were as follows:
- August futures on Light, Sweet Crude Oil at the New York Mercantile Exchange (NYMEX) dropped by $.035 (-0.5%) and made up $75.57 per barrel at prices ranging from $75.16 to $76.13 per barrel on deals during the session;
- September futures on Brent Crude at the InterContinental Exchange Futures (IСE Futures) in London официальная fell by $0.03 and was $77.64 per barrel at prices ranging from $77.19 to $77.98 during the session
Last week (16 - 20 July) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan fell by 0.0003 points or 0.03%. The average rate was established at 0.85464 to 1 US dollar.
Last week the maximum rate of the US dollar against the manat was established on 16 July (0.8548 manats to 1 US dollar), the minimum on 19 and 20 July (0.8545 to 1 US dollar).
As a result of last week's exchange rate of the Azerbaijani manat against the US dollar, established on the basis of results of the Baku Interbank Currency Exchange (BICEX), decreased by 0.0001 points or 0.01%. The average rate was fixed at 0.85324 to 1 US dollar
Last week the maximum rate of the US dollar against the manat was established on the 19 July (AZN 0.8538 to 1 US dollar), the minimum on the 18 July (AZN 0.8527 to 1 US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $9.405mln with an average sustained exchange rate of 0.8533 AZN/USD on the 16 of July, $10.962mln with an average sustained rate of 0.8532 AZN/USD on the 17 July, $7.02mln with an average sustained rate of 0.8527 AZN/USD on the 18 July, $23.85mln with an average sustained rate of 0.8538 AZN/USD on the 19 July and $10.652mln with the rate of 0.8532 AZN/USD on the 20 July
No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. The banks did not make appeals for RUB/AZN and EUR/AZN instruments at BEST. The only deal with EUR/AZN T+0 was fixed on 16 July in the amount of AZN 3,004,920. The average sustained rate was AZN 1.1781 to €1.
Privatization shares market
In this period the price of vouchers remained unchanged as compared to the previous week and made up AZN 11. The allocation of privatization vouchers expires on the 1 January 2008