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Review of Azerbaijani market per week

Business Materials 3 August 2009 12:42 (UTC +04:00)

Azerbaijan, Baku, Aug.3 / Trend N.Ismaylova /

The official rate of manat per U.S. dollar, fixed by the Azerbaijani Central Bank, decreased by 0.02 percent for last week. Average rate was fixed to the amount of 0.8042 manat to $1 last week.

The maximum dollar rate to manat was fixed on July 30-31 to the amount of 0.8043 manat to $1 but the minimum rate was fixed on July 27-28 to the amount of 0.8041 to $1.

The official rate of manat to the U.S. dolar

July 20

0.8041

July 27

0.8041

July 21

0.8041

July 28

0.8041

July 22

0.8042

July 29

0.8042

July 23

0.8041

July 30

0.8043

July 24

0.8042

July 31

0.8043

Average rate per week

0.80414

Average rate per week

0.8042

Exchange rate of manat to the U.S. dollar fixed due to auctions on the Baku Interbank Currency Exchange decreased by 0,4 percent as the result of a week. Average rate was fixed to the amount of 0.80362 manat to $1.

BEST deals were concluded with currency the same day (T+0) during a week. There were no deals on July 27. So, exchange rate preserved at the same level to the amount of 0.8033 AZN/USD, On July 28 - $3.6 million given rate of 0.8037 AZN/USD, On July 29 - $0.08 million given rate of 0.8037 AZN/USD, on July 30 - с $1.39 million given rate 0.8037 AZN/USD. There were no deals on July. So, rate preserved to the amount of 0.8037 AZN/USD.

Exchange rate of manat to the U.S. dollar

July 20

0.8026

July 27

0.8033

July 21

0.8033

July 28

0.8037

July 22

0.8033

July 29

0.8037

July 23

0.8033

July 30

0.8037

July 24

0.8033

July 31

0.8037

Average per week

0.80316

Average per week

0.80362

There were no deals on USD/AZN T+1 and T+2 due to lack of dealers' demand. There were no banks' bids on RUB/AZN and EUR/AZN in BEST. 

Prices for privatization cheques preserved at the same level, purchase - 9 manat but sale - 10 manat. Price-dropping (price of cheques exceeded 20 manat early 2009) is explained by reduction of state property privatization rates.

Term of privatization cheques was fixed by January 1, 2010.

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