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Weekly Review of Azerbaijan’s Currency Market

Business Materials 12 February 2008 17:13 (UTC +04:00)

Azerbaijan, Baku, 12 February /corr. Trend I.Khalilova / Last week the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, rose by 0.0005 points or 0.05%. The average rate was established at AZN 0.84476 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 4 February (AZN 0.8450 to 1 US dollar) and the minimum on 8 February (AZN 0.8445 to 1 US dollar.

Official rate of AZN to 1 USD
2January 0,8454 4 February 0,8450
2January 0,8454 5 February 0,8449
30January 0,8452 6 February 0,8448
31January 0,8451 7 February 0,8446
1February 0,8451 8 February 0,8445
Average weekly 0,84524 Average weekly 0,84476

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 0.0008 point (0.08%). The average rate was fixed at 0.84468 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 4-6 February (AZN 0.8449 to 1 US dollar) and minimum on 8 February (AZN 0.8441 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $2.3mln with an average sustained rate of 0.8449 AZN/USD on 4 February, $1.12mln with an average sustained rate of 0.8449 AZN/USD on 5 February, no deals were signed on 6 February and the AZN rate remained unchanged on 6 February, $0.625mln with an average sustained rate of 0.8446 AZN/USD on 7 February and $4.7mln with an average sustained rate of 0.8441 AZN/USD on 8 February

Official rate of AZN to 1 USD
2January 0,8454 4 February 0,8450
2January 0,8454 5 February 0,8449
30January 0,8452 6 February 0,8448
31January 0,8451 7 February 0,8446
1February 0,8451 8 February 0,8445
Average weekly 0,84524 Average weekly 0,84476
Exchange rate of AZN to 1 USD
28 January 0,8453 4 February 0,8449
29 January 0,8454 5 February 0,8449
30 January 0,8451 6 February 0,8449
31 January 0,8451 7 February 0,8446
1 February 0,8450 8 February 0,8441
Average weekly 0,84518 Average weekly 0,84468

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN (Т+1, Т+2).

In this period the price of vouchers remained unchanged, AZN 15.

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