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Weekly review of Azerbaijan's currency market

Business Materials 14 December 2009 13:25 (UTC +04:00)
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0001 points or 0.01 percent. The average rate was established at 0.80278 manats to 1 U.S. dollar.
Weekly review of Azerbaijan's currency market

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

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0001 points or 0.01 percent. The average rate was established at 0.80278 manats to 1 U.S. dollar.

Last week the minimum rate of the US dollar compared to manat was established Dec. 7 (0. 80267 manats to 1 U.S. dollar) and maximum Dec 8-11, (0.8028 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Nov.30

0.8024

Dec. 7

0.8027

Dec. 1

0.8025

Dec. 8

0.8028

Dec. 2

0.8025

Dec. 9

0.8028

Dec. 3

0.8025

Dec. 10

0.8028

Dec. 4

0.8026

Dec. 10

0.8028

Average weekly

0.8025

Average weekly

0.80278

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 0.0003 points (0.03 percent). The average rate was fixed at 0.80284 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Dec.7, $2.497 million with the average sustained rate of 0. 8029 manats to 1 U.S. dollar, Dec.8, $1,052 million with the average sustained rate of 0. 8029 manats to 1 U.S. dollar, and Dec.9, $2.24 million with the average sustained rate of 0.8029 manats to 1 U.S. dollar, on Dec.10, $$ 8,041million with the average sustained rate of 0.8029  manats to 1 U.S. dollar, and on Dec.11, $5.6 million with the average sustained rate of 0. 8029 manats to 1 U.S. dollar

Exchange rate of manat to 1 U.S. dollar

Nov.30

0.8012

Dec. 7

0.8029

Dec. 1

0.8026

Dec. 8

0.8029

Dec. 2

0.8026

Dec. 9

0.8029

Dec. 3

0.8026

Dec. 10

0.8029

Dec. 4

0.8027

Dec. 10

0.8026

Average weekly

0.80234

Average weekly

0.80284

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, BEST and EUR/AZN (Ň+1, Ň+2).

Last week the price of the privatization vouchers consolidated one manat, 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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