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Weekly review of Azerbaijan’s currency market

Business Materials 21 September 2009 11:10 (UTC +04:00)
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated 0.0002 points or 0.02 percent. The average rate was established at 0. 0.80334 manats to 1 U.S. dollar.
Weekly review of Azerbaijan’s currency market

Azerbaijan, Baku, Sept. 21 / Trend , N.Ismayilova/

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated 0.0002 points or 0.02 percent. The average rate was established at 0. 0.80334 manats to 1 U.S. dollar. 

Last week the maximum rate of the US dollar compared to manat was established on Sept. 14 (0. 8035 manats to 1 U.S. dollar) and minimum on Sept. 17 (0.8032 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Sept. 7

0.8038

Sept.14

0.8035

Sept. 8

0.8037

Sept. 15

0.8034

Sept. 9

0.8035

Sept. 16

0.8033

Sept. 10

0.8034

Sept. 17

0.8032

Sept. 11

0.8033

Sept. 18

0.8033

Average weekly

0.80354

Average weekly

0.80334

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 0.0002 points (0.02 percent). The average rate was fixed at 0.80292 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 14, $2.8 million with the average sustained rate of 0. 8031 manats to 1 U.S., Sept. 15, $4.098 million with the average sustained rate of 0. 8030 manats to 1 U.S., Sept. 16, $6.58 million with the average sustained rate of 0. 8029 manats to 1 U.S. dollar, on Sept. 17, $4.64 million with the average sustained rate of 0. 8027 manats to 1 U.S. dollar and on Sept. 18, $0.23 million with the average sustained rate of 0. 8029 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Sept. 7

0.8035

Sept.14

0.8031

Sept. 8

0.8033

Sept. 15

0.8030

Sept. 9

0.8031

Sept. 16

0.8029

Sept. 10

0.8030

Sept. 17

0.8027

Sept. 11

0.8029

Sept. 18

0.8029

Average weekly

0.80316

Average weekly

0.80292

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 9 manats, and sale - 10 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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