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Weekly review of Azerbaijan's currency market

Business Materials 16 June 2009 12:58 (UTC +04:00)
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, June 16 / Trend , N. Ismayilova/ Last week the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, dropped 0.0001 points or 0.01 percent. The average rate was established at 0. 0. 80382 manats to 1 U.S. dollar. 

Last week the maximum rate of the US dollar compared to manat was established on June 9-11 (0. 8039 manats to 1 U.S. dollar) and minimum on June 10 (0. 8037 manats to 1 U.S. dollar). 

Exchange rate of manat to 1 U.S. dollar

June 1

0,8035

June 8

0,8038

June 2

0,8035

June 9

0,8039

June 3

0,8034

June 10

0,8037

June 4

0,8036

June 11

0,8039

June 5

0,8036 

June 12

0,8038 

Average weekly

0,80352

Average weekly

0,80382

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), depreciated by 0. 0017 points (0.17percent). 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 8 with $0.5 million average sustained rate of 0.8024 manats to 1 U.S. dollar, on June 9 $15.1 million with the average sustained rate of 0. 8040 manats to 1 U.S. dollar, on June 10 $1.23 million with the average sustained rate of 0. 8037 manats to 1 U.S. dollar, on June 11 $0.9 million with the average sustained rate of 0. 8037 manats to 1 U.S. dollar and on June 11 $5.25 million with the average sustained rate of 0. 8041 manats to 1 U.S. dollar.   

Exchange rate of manat to 1 U.S. dollar

June 1

0,8025

June 8

0,8024

June 2

0,8025

June 9

0,8040

June 3

0,8024

June 10

0,8037

June 4

0,8024

June 11

0,8041

June 5

0,8024

June 12

0,8041

Average weekly

0,80244

Average weekly

0,80366

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 - purchase 10 manats and sale 11 manat. The drop in prices (the price was 20 manat in early 2009) is attributed to drop in privatization of state property.

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

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