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Weekly Review of Azerbaijan’s Currency Market

Business Materials 3 December 2007 19:43 (UTC +04:00)
Weekly Review of Azerbaijan’s Currency Market

Azerbaijan, Baku / Trend corr I. Khalilova / Last week the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, rose by 0.0004 points or 0.04%. The average rate was established at AZN 0.8473 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 26 November (0.8475 manats to 1 US dollar), the minimum on 30 November (0.8471 to 1 US dollar).

Official rate of AZN to 1 USD
19November 0.8478 26November 0.8475
20November 0.8477 27November 0.8474
21November 0.8477 28November 0.8473
22November 0.8477 29November 0.8472
23November 0.8477 30November 0.8471
Average weekly 0.84772 Average weekly 0.8473

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 0.0016 points or 0.16%. The average rate was fixed at 0.8462 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 19 November (AZN 0.8479 to 1 US dollar), the minimum on 23 November (AZN 0.8477 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $0.557mln with an average sustained rate of 0.8472 AZN/USD on 26 November, $3.2mln with an average sustained rate of 0.8459 AZN/USD on 27 November, $2.93mln with an average sustained rate of 0.8465 AZN/USD on 28 November, $4.6mln with an average sustained rate of 0.8458 AZN/USD on 29 November and $5.425mln with the rate of 0.8456 AZN/USD on 30 November.

Official rate of AZN to 1 USD
19November 0.8478 26November 0.8475
20November 0.8477 27November 0.8474
21November 0.8477 28November 0.8473
22November 0.8477 29November 0.8472
23November 0.8477 30November 0.8471
Average weekly 0.84772 Average weekly 0.8473
Exchange rate of AZN to 1 USD
19November 0.8479 26November 0.8472
20November 0.8478 27November 0.8459
21November 0.8478 28November 0.8465
22November 0.8478 29November 0.8458
23November 0.8477 30November 0.8456
Average weekly 0.8478 Average weekly 0.8462

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 remained unchanged, AZN 16. The duration of allocation of privatization vouchers was extended to 1 January 2010.

In this period the price of vouchers remained unchanged, AZN 16. The duration of allocation of privatization vouchers was extended to 1 January 2010.

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