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Weekly review of Azerbaijan’s currency market

Business Materials 25 May 2009 13:40 (UTC +04:00)

Azerbaijan, Baku, May 25 / Trend , N.Ismayilova/

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, established at 0.0001 points or 0.01 percent. The average rate was established at 0. 0.80366 manats to 1 U.S. dollar. 

Last week the maximum rate of the US dollar compared to manat was established on May 18-20 (0.8037 manats to 1 U.S. dollar) and minimum on May 21-22 (0.08036 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

May 11

0.8035

May 18

0.8037

May 12

0.8034

May 19

0.8037

May 13

0.8034

May 20

0.8037

May 14

0.8036

May 21

0.8036

May 15                                                  

0.8036 

May 22

0.8036 

Average weekly

0.8035

Average weekly

0.80366

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 0.0006 points (0.06 percent). The average rate was fixed at 0.80314 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: On May 18, $1.5 million with the average sustained rate of 0.8027 manats to 1U.S. dollar, May 19 - $1.11 million with the average sustained rate of 0.8031 manats to 1 U.S. dollar, May 20., $4.85 million with the average sustained rate of 0.8033 manats to 1 U.S. dollar, on May 21 no neal has been concluded and therefore the rate sustained at the previous rate 0.8033 manats to 1 U.S. dollar and May 22 - $0.96 million with the average sustained rate of 0.8033 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

May 11

0.8030

May 18

0.8027

May 12

0.8028

May 19

0.8031

May 13

0.8027

May 20

0.8033

May 14

0.8027

May 21

0.8033

May 15                                                  

0.8027

May 22                                                 

0.8033

Average weekly

0.80278

Average weekly

0.80314

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 - 20 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.

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