Weekly Review of Azerbaijan’s Currency Market

Weekly Review of Azerbaijan’s Currency Market

Azerbaijan, Baku, 18 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 0.0003 points or 0.03%. The average rate was established at AZN 0.8442 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 11 February (AZN 0.8444 to 1 US dollar) and the minimum on 14 and 15 February (AZN 0.8442 to 1 US dollar).

Official rate of AZN to 1 USD
4 February 0,8450 11 February 0,8444
5 February 0,8449 12 February 0,8442
6 February 0,8448 13 February 0,8442
7 February 0,8446 14 February 0,8441
8 February 0,8445 15 February 0,8441
Average weekly 0,84476 Average weekly 0,8442

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 0.0004 points (0.04%). The average rate was fixed at 0.84394 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 12-14 February (AZN 0.8441 to 1 US dollar) and minimum on 15 February (AZN 0.8436 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $5.147mln with an average sustained rate of 0.8440 AZN/USD on 11 February, $2.441mln with an average sustained rate of 0.8441 AZN/USD on 12 February, $0.2mln with an average sustained rate of 0.8439 AZN/USD on 13 February, $30.105mln with an average sustained rate of 0.8441 AZN/USD on 14 February and $72,989mln with an average sustained rate of 0.8436 AZN/USD on 15 February

Official rate of AZN to 1 USD
4 February 0,8450 11 February 0,8444
5 February 0,8449 12 February 0,8442
6 February 0,8448 13 February 0,8442
7 February 0,8446 14 February 0,8441
8 February 0,8445 15 February 0,8441
Average weekly 0,84476 Average weekly 0,8442
Exchange rate of AZN to 1 USD
4 February 0,8449 11 February 0,8440
5 February 0,8449 12 February 0,8441
6 February 0,8449 13 February 0,8439
7 February 0,8446 14 February 0,8441
8 February 0,8441 15 February 0,8436
Average weekly 0,84468 Average weekly 0,84394

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 made up AZN 15, an increase of AZN 1.

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