Weekly Review of Azerbaijan’s Currency Market

Weekly Review of Azerbaijan’s Currency Market

Azerbaijan, Baku, 3 March / 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 0.0006 points or 0.06%. The average rate was established at AZN 0.84356 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 25 February (AZN 0.8439 to 1 US dollar) and the minimum on 29 February (AZN 0.8433 to 1 US dollar).

Official rate of AZN to 1 USD
18February 0,8441 25February 0,8439
19February 0,8441 26February 0,8437
20February 0,8440 27February 0,8435
21February 0,8440 28February 0,8434
22February 0,8439 29February 0,8433
Average weekly 0,84402 Average weekly 0,84356

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 0.0007 points (0.07%). The average rate was fixed at 0.84328 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 25 February (AZN 0.8437 to 1 US dollar) and minimum on 29 February (AZN 0.8430 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $1.024mln with an average sustained rate of 0.8437 AZN/USD on 25 February, $15.952mln with an average sustained rate of 0.8434 AZN/USD on 26 February, $1.681mln with an average sustained rate of 0.8432 AZN/USD on 27 February, $4.326mln with an average sustained rate of 0.8431 AZN/USD on 28 February and $1.185mln with an average sustained rate of 0.8430 AZN/USD on 29 February

Official rate of AZN to 1 USD
18February 0,8441 25February 0,8439
19February 0,8441 26February 0,8437
20February 0,8440 27February 0,8435
21February 0,8440 28February 0,8434
22February 0,8439 29February 0,8433
Average weekly 0,84402 Average weekly 0,84356
Exchange rate of AZN to 1 USD
18February 0,8441 25February 0,8437
19February 0,8441 26February 0,8434
20February 0,8438 27February 0,8432
21February 0,8440 28February 0,8431
22February 0,8439 29February 0,8430
Average weekly 0,84398 Average weekly 0,84328

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 17, an increase of AZN 1. The expiration of the checks ends in 2010.

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