Weekly review of Azerbaijan's currency market

Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, June 22 / 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. 80394 manats to 1 U.S. dollar.

Last week the maximum rate of the US dollar compared to manat was established on June 18-19 (0. 804 manats to 1 U.S. dollar) and minimum on June 15, 16 and 17 (0. 8039 manats to 1 U.S. dollar).  

Exchange rate of manat to 1 U.S. dollar

June 8

0,8038

June 15

0,8039

June 9

0,8039

June 16

0,8039

June 10

0,8037

June 17

0,8039

June 11

0,8039

June 18

0,804

June12

0,8038 

June 19

0,804 

Average weekly

0,80382

Average weekly

0,80394

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) remained unchanged. The average rate was fixed at 0. 8041 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: on June 15 no deals were concluded and exchange rate remained the same 0. 8041 manats to 1U.S. dollar, on June 16 $0.6 million with the average sustained rate of 0. 8041 manats to 1 U.S. dollar, on June 17 $1.078 million with the average sustained rate of 0. 8041 manats to 1 U.S. dollar, on June 18, $2.9 million with the average sustained rate of 0. 8041 manats to 1 U.S. dollar and June 19 $1.1 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 8

0,8024

June 15

0,8041

June 9

0,8040

June 16

0,8041

June 10

0,8037

June 17

0,8041

June 11

0,8041

June 18

0,8041

June12

0,8041

June 19

0,8041

Average weekly

0,80366

Average weekly

0,8041

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 - 9 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.

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