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Weekly review of Azerbaijan's currency market

Business Materials 25 January 2010 16:55 (UTC +04:00)
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0003 points or 0.03 percent. The average rate was established at 0.80312 manat to 1 U.S. dollar
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, Jan. 25. / Trend N. Ismayilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0003 points or 0.03 percent. The average rate was established at 0.80312 manat to 1 U.S. dollar

Last week the maximum rate of the US dollar compared to manat was established on Jan.21-22 (0. 8033 manat to 1 U.S. dollar) and minimum on Jan.18-20 (0.8030 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Jan.11

0.8029

Jan.18

0.8030

Jan.12

0.8029

Jan.19

0.8030

Jan.13

0.8029

Jan.20

0.8030

Jan.14

0.8028

Jan.21

0.8033

Jan.15

0.8030

Jan.22

0.8033

Average weekly

0.80312

Average weekly

0.80312

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 0.0013 points (0.13 percent). The average rate was fixed at 0.80304 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Jan.18 deals were not concluded and therefore the rate remained on the previous level - 0.8032 manat to 1 U.S. dollar, Jan.19, $11.471 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, Jan.20 deals were not concluded and therefore the rate remained on the previous level - 0.8034 manat to 1 U.S. dollar, Jan.21, $5.32 million with the average sustained rate of 0.8033 manat to 1 U.S. dollar, and Jan 22, $17.708 million with the average sustained rate of 0.8019 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Jan.11

0.8034

Jan.18

0.8032

Jan.12

0.8033

Jan.19

0.8034

Jan.13

0.8033

Jan.20

0.8034

Jan.14

0.8033

Jan.21

0.8033

Jan.15

0.8032

Jan.22

0.8019

Average weekly

0.8033

Average weekly

0.80304

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 stood at the same level, purchase was 8 manat, and sale - 9 manat.

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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