...

Weekly review of Azerbaijani currency market

Business Materials 16 March 2009 13:51 (UTC +04:00)
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, March 16 / Trend , N. Ismayilova/ Last week the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, dropped 0.0005 points or 0.05 percent. The average rate was established at 0. 0. 80472 manats to 1 U.S. dollar. 

Last week the maximum rate of the US dollar compared to manat was established on March 9 (0. 8050 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

March 2

0.8054

March 9

0.8050

March 3

0.8051

March 10

0.8048

March 4

0.8053

March 11

0.8048

March 5

0.8050

March 12

0.8045

March 6

0.8050 

March 13

0.8045 

Average weekly

0.80516

Average weekly

0.80472

As a result of last week's exchange rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), consolidated by 0.0005 points (0.05 percent). The average rate was fixed at 0. 80476 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: March 9 1no deals were concluded as it was non-working day, March 10 $14.99 million with the average sustained rate of 0. 8050 manats to 1 U.S. dollar, March 11, $38.87 million with the average sustained rate of 0. 8048  manats to 1 U.S. dollar, on March 12, $42.53 million with the average sustained rate of 0. 8045 manats to 1 U.S. dollar and on March 13 $134.35 million with the average sustained rate of 0. 8045 manats to 1 U.S. dollar.  

Exchange rate of manat to 1 U.S. dollar

March 2

0.8052

March 9

0.8050

March 3

0.8051

March 10

0.8050

March 4

0.8053

March 11

0.8048

March 5

0.8050

March 12

0.8045

March 6

0.8050

March 13

0.8045

Average weekly

0.80512

Average weekly

0.80476

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 (Ň+1, Ň+2).

Last week the price of the privatization vouchers remained the same - 15 manats. The value of vouchers dropped three manats as it is going to expire soon.

The validity period of the vouchers will expire on Jan. 1, 2010.

Do you have any feedback? Contact our journalist at: [email protected]

Latest

Latest