...

Weekly Review of Azerbaijan’s Currency Market

Business Materials 22 October 2007 13:20 (UTC +04:00)
Weekly Review of Azerbaijan’s Currency Market

Azerbaijan, Baku / Trend corr I. Khalilova / Last week (15 - 19 October) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan rose by 0.0003 points or 0.03%. The average rate was established at AZN 0.850175 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 16 and 17 October (0.8503 manats to 1 US dollar), the minimum on 19 October (0.8500 to 1 US dollar).

Official rate of AZN to 1 USD
8 October 0,8506 15 October -
9 October 0,8506 16 October 0,8503
10 October 0,8505 17 October 0,8503
11 October 0,8504 18 October 0,8501
12 October 0,8504 19 October 0,8500
Weekly Average 0,8505 Weekly Average 0,850175

As a result of last week's exchange rate of the Azerbaijani manat against the US dollar, established on the basis of results from the Baku Interbank Currency Exchange (BICEX), decreased by 0.0001 points or 0.01%. The average rate was fixed at 0.8497 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 16 October (AZN 0.8502 to 1 US dollar), the minimum on 19 October (AZN 0.8492 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $0.0mln due to absence of deals in connection with holidays on 15 October, $0.4mln with an average sustained rate of 8.8502 AZN/USD on 16 October, $1.97mln with an average sustained rate of 0.8501 AZN/USD on 17 October, $2.529mln with an average sustained rate of 0.8493 AZN/USD on 18 October and $2.070mln with the rate of 0.8492 AZN/USD on 19 October

Official rate of AZN to 1 USD
8 October 0,8506 15 October -
9 October 0,8506 16 October 0,8503
10 October 0,8505 17 October 0,8503
11 October 0,8504 18 October 0,8501
12 October 0,8504 19 October 0,8500
Weekly Average 0,8505 Weekly Average 0,850175
Official rate of AZN to 1 USD
8 October 0,8503 15 October -
9 October 0,8500 16 October 0,8502
10 October 0,8499 17 October 0,8501
11 October 0,8499 18 October 0,8493
12 October 0,8499 19 October 0,8492
Weekly Average 0,8500 Weekly Average 0,8497

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. No deal with EUR/AZN T+0 was fixed.

In this period the price of vouchers dropped by AZN 1 to AZN 14. The allocation of privatization vouchers expires on the 1 January 2008.

Latest

Latest