Weekly review of Azerbaijan’s currency market

Weekly review of Azerbaijan’s currency market

Azerbaijan, Baku, Sept. 14 / Trend , N.Ismayilova/

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated 0.0005 points or 0.05 percent. The average rate was established at 0. 0.80354 manats to 1 U.S. dollar. 

Last week the maximum rate of the US dollar compared to manat was established on Sept. 7 (0. 8038 manats to 1 U.S. dollar) and minimum on Sept. 11 (0.8033 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Aug. 31

0.8039

Sept. 7

0.8038

Sept. 1

0.8039

Sept. 8

0.8037

Sept. 2

0.8040

Sept. 9

0.8035

Sept. 3

0.8040

Sept. 10

0.8034

Sept. 4

0.8040

Sept. 11

0.8033

Average weekly

0.80396

Average weekly

0.80354

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 0.80316 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 7, $0.1 million with the average sustained rate of 0. 8035 manats to 1 U.S., Sept. 8, $7.775 million with the average sustained rate of 0. 8033 manats to 1 U.S., Sept. 9, $1.125 million with the average sustained rate of 0. 8031 manats to 1 U.S. dollar, on Sept. 10, $3.36 million with the average sustained rate of 0. 8030 manats to 1 U.S. dollar and on Sept. 11, $4.72 million with the average sustained rate of 0. 8029 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Aug. 31

0.8034

Sept. 7

0.8035

Sept. 1

0.8034

Sept. 8

0.8033

Sept. 2

0.8035

Sept. 9

0.8031

Sept. 3

0.8035

Sept. 10

0.8030

Sept. 4

0.8035

Sept. 11

0.8029

Average weekly

0.80346

Average weekly

0.80316

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 increased one manat and purchase was 8 manats, and sale - 9 manats.

The validity period of the vouchers will expire on Jan. 1 2010. So far, around 75 percent of vouchers has been derived, and another extension of their validity period remains uncertain.

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