Azerbaijan, Baku, June 8 / Trend , N.Ismayilova/
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0001 points or 0.01 percent. The average rate was established at 0. 0.80352 manats to 1 U.S. dollar.
Last week the maximum rate of the US dollar compared to manat was established on June 4-5 (0. 8036 manats to 1 U.S. dollar) and minimum on June 3 (0.8034 manats to 1 U.S. dollar).
|
Exchange rate of manat to 1 U.S. dollar |
|||
|
May 25 |
0.8036 |
June 1 |
0.8035 |
|
May 26 |
0.8036 |
June 2 |
0.8035 |
|
May 27 |
0.8036 |
June 3 |
0.8034 |
|
May 28 |
0.8036 |
June 4 |
0.8036 |
|
May 29 |
0.8036 |
June 5 |
0.8036 |
|
Average weekly |
0.8036 |
Average weekly |
0.80352 |
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 0.0001 points (0.01 percent). The average rate was fixed at 0.80244 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: On June 1, $7.3 million with the average sustained rate of 0. 8025 manats to 1U.S. dollar, June 2, $9.7 million with the average sustained rate of 0.8025 manats to 1 U.S. dollar, June 3, $0.3 million with the average sustained rate of 0. 8024 manats to 1 U.S. dollar, on June 4, $0.62 million with the average sustained rate of 0. 8024 manats to 1 U.S. dollar and on June 5, $0.3 million with the average sustained rate of 0. 8024 manats to 1 U.S. dollar.
|
Exchange rate of manat to 1 U.S. dollar |
|||
|
May 25 |
0.8033 |
June 1 |
0.8025 |
|
May 26 |
0.8033 |
June 2 |
0.8025 |
|
May 27 |
0.8033 |
June 3 |
0.8024 |
|
May 28 |
0.8033 |
June 4 |
0.8024 |
|
May 29 |
0.8019 |
June 5 |
0.8024 |
|
Average weekly |
0.80302 |
Average weekly |
0.80244 |
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: the purchase was 10 manat and sale 11 manat. Such a drop is explained with drop in rates of privatization of state property [cost of vouchers even topped 20 manats early 2009].
The validity of privatization addresses was set by Jan. 1 in 2010. So far, 85 percent of issued vouchers in circulation has been withdrawn. It is possible that before the expiration of their term, the written portion of the vouchers will reach 90 percent. Regarding experience of other countries, where vouchers attended the privatization process, the government will not make another extension of its duration, and the unwritten part of vouchers will still remain in an address.
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