...

Weekly review of Azerbaijan's currency market

Business Materials 18 May 2009 13:25 (UTC +04:00)

Azerbaijan, Baku, May 18 / Trend , N. Ismayilova/ Last week the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, dropped 0.0002 points or 0.02 percent. The average rate was established at 0. 0. 8035 manats to 1 U.S. dollar. 

Last week the maximum rate of the US dollar compared to manat was established on May 14-15 (0. 8036 manats to 1 U.S. dollar) and minimum on May 12-13 (0. 8034 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

May 4

0.8034

May 11

0.8035

May 5

0.8034

May 12

0.8034

May 6

0.8036

May 13

0.8034

May 7

0.8036

May 14

0.8036

May 8                                                  

0.8035 

May 15  

0.8036 

Average weekly

0.8035

Average weekly

0.8035

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 0.0003 points (0.03 percent). The average rate was fixed at 0. 80278 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: on May 11 no deals were concluded and exchange rate remained the same 0. 8030 manats to 1U.S. dollar, on May 12 $4.67 million with the average sustained rate of 0. 8028 manats to 1 U.S. dollar, on May 13 $3.4 million with the average sustained rate of 0. 8027 manats to 1 U.S. dollar, on May 14 $0.9 million with the average sustained rate of 0. 8027 manats to 1 U.S. dollar and on May 15 $15.6 million with the average sustained rate of 0. 8027 manats to 1 U.S. dollar. 

Exchange rate of manat to 1 U.S. dollar

May 4

0,8031

May 11

0,8030

May 5

0,8031

May 12

0,8028

May 6

0,8032

May 13

0,8027

May 7

0,8030

May 14

0,8027

May 8                                                  

0,8030

May 15

0,8027

Average weekly

0,80308

Average weekly

0,80278

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).

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 - 8 manats. The drop in prices (the price was 20 manat in early 2009) is attributed to drop in privatization rates.

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

Latest

Latest