...

Weekly Review of Azerbaijan’s Currency Market

Business Materials 29 October 2007 12:02 (UTC +04:00)
Weekly Review of Azerbaijan’s Currency Market

Azerbaijan, Baku / Trend corr I. Khalilova / Last week (22 - 26 October) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan rose by 0.0002 points or 0.02%. The average rate was established at AZN 0.8498 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 22 and 23 October (0.8499 manats to 1 US dollar), the minimum on 25-26 October (0.8497 to 1 US dollar).

Official rate of AZN to 1 USD
15 October - 22 October 0,8499
16 October 0,8503 23 October 0,8499
17 October 0,8503 24 October 0,8498
18 October 0,8501 25 October 0,8497
19 October 0,8500 26 October 0,8497
Weekly Average 0,850175 Weekly Average 0,8498

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 0.84926 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 22-24 October (AZN 0.8493 to 1 US dollar), the minimum on 25-26 October (AZN 0.8492 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $1.85mln with an average sustained rate of 8.8493 AZN/USD on 22 October, $2.55mln with an average sustained rate of 0.8493 AZN/USD on 23 October, $6.05mln with an average sustained rate of 0.8493 AZN/USD on 24 October, $6.65mln with an average sustained rate of 0.8492 AZN/USD on 25 October and $5.685mln with the rate of 0.8492 AZN/USD on 26 October

Official rate of AZN to 1 USD
15 October - 22 October 0,8499
16 October 0,8503 23 October 0,8499
17 October 0,8503 24 October 0,8498
18 October 0,8501 25 October 0,8497
19 October 0,8500 26 October 0,8497
Weekly Average 0,850175 Weekly Average 0,8498
Exchange rate of AZN to 1 USD
15 October - 22 October 0,8493
16 October 0,8502 23 October 0,8493
17 October 0,8501 24 October 0,8493
18 October 0,8493 25 October 0,8492
19 October 0,8492 26 October 0,8492
Weekly Average 0,8497 Weekly Average 0,84926

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