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Weekly review of Azerbaijan's currency market

Business Materials 11 January 2010 13:21 (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 0.80302 manats to 1 U.S. dollar.
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, Jan.11 / 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 0.80302 manats to 1 U.S. dollar.

Last week the maximum rate of the US dollar compared to manat was established Jan 4-8 (0. 8031 manats to 1 U.S. dollar) and minimum Jan.5 (0.8029manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Dec.28

0.8032

Jan.4

0.8031

Dec.29

0.8031

Jan.5

0.8029

Dec.30

0.8031

Jan.6

0.8030

Dec.31

0.8031

Jan.7

0.8030

Jan.1

0.8031

Jan.8

0.8031

Average weekly

0.80312

Average weekly

0.80302

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), strengthen 0.0007 points (0.07 percent). The average rate was fixed at 0.80388 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Jan.4-5, the deals were not concluded and the rate remained the same at 0. 8043 manats to 1 U.S. dollar, Jan., $4.73 million with the average sustained rate of 0. 8036 manats to 1 U.S. dollar, Jan 7, no deal was concluded and the average rate remained at 0.8036 manats to 1 U.S. dollar, and Jan.8, $ 8.31 million with the average sustained rate of 0.8036 manats to 1 U.S. dollar

Exchange rate of manat to 1 U.S. dollar

Dec.28

0.8035

Jan.4

0.8043

Dec.29

0.8042

Jan.5

0.8043

Dec.30

0.8043

Jan.6

0.8036

Dec.31

0.8043

Jan.7

0.8036

Jan.1

0.8043

Jan.8

0.8036

Average weekly

0.80412

Average weekly

0.80388

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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