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Weekly review of Azerbaijan's currency market

Business Materials 28 December 2009 10:59 (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 0.80324 manats to 1 U.S. dollar.
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, Dec. 28 / 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 0.80324 manats to 1 U.S. dollar.

Last week the maximum rate of the US dollar compared to manat was established Dec. 22-25 (0. 8033 manats to 1 U.S. dollar) and minimum Dec 21, (0.8032 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Dec.14

0.8030

Dec.21

0.8032

Dec.15

0.8030

Dec.22

0.8033

Dec.16

0.8030

Dec.23

0.8033

Dec.17

0.8032

Dec.24

0.8033

Dec.18

0.8032

Dec.25

0.8033

Average weekly

0.80308

Average weekly

0.80324

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), decreased by 0.0011 points (0.11 percent). The average rate was fixed at 0.80358 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Dec.21, $0,375 million with the average sustained rate of 0. 8033 manats to 1 U.S. dollar, Dec.22, $3,625 million with the average sustained rate of 0. 8034 manats to 1 U.S. dollar, and Dec.23, no deal was concluded and the average rate remained at 0.8034 manats to 1 U.S. dollar, Dec.24, $ 0. 25 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, and Dec.25, $10.6 million with the average sustained rate of 0. 8044 manats to 1 U.S. dollar

Exchange rate of manat to 1 U.S. dollar

Dec.14

0.8031

Dec.21

0.8033

Dec.15

0.8030

Dec.22

0.8034

Dec.16

0.8030

Dec.23

0.8034

Dec.17

0.8033

Dec.24

0.8034

Dec.18

0.8033

Dec.25

0.8044

Average weekly

0.80314

Average weekly

0.80358

No deal was concluded with USD/AZN T+1 and T+2 due to an absence of appeals by dealers. Appeals were not received on RUB/AZN, BEST and EUR/AZN.

Last week the price of the privatization vouchers stood at the same level, purchase was 7 manats, and sale - 8 manats.

Under the President Ilham Aliyev's decree on additional measures for ensuring the use of the state privatization vouchers, the validity period of the vouchers was prolonged until Jan. 1, 2011.

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