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Weekly review of Azerbaijan's currency market

Business Materials 1 February 2010 16:32 (UTC +04:00)
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0002 points or 0.02 percent. The average rate was established at 0.80342 manat to 1 U.S. dollar
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, Feb.1. / Trend N. Ismayilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0002 points or 0.02 percent. The average rate was established at 0.80342 manat to 1 U.S. dollar

Last week the maximum rate of the US dollar compared to manat was established on Jan.28-29 (0. 8035 manat to 1 U.S. dollar) and minimum on Jan.25 (0.8033 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Jan.18

0.8030

Jan.25

0.8033

Jan.19

0.8030

Jan.26

0.8034

Jan.20

0.8030

Jan.27

0.8034

Jan.21

0.8033

Jan.28

0.8035

Jan.22

0.8033

Jan.29

0.8035

Average weekly

0.80312

Average weekly

0.80342

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 0.0009 points (0.09 percent). The average rate was fixed at 0.80332 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Jan.25, $13.467 million with the average sustained rate of 0.8032 manats to 1 U.S. dollar, Jan.26, $0.71 million with the average sustained rate of 0.8032 manats to 1 U.S. dollar, Jan.27, $3.26 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, Jan.28, $16.413 million with the average sustained rate of 0.8026 manat to 1 U.S. dollar, and Jan 29, $0.028 million with the average sustained rate of 0.8035 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Jan.18

0.8032

Jan.25

0.8032

Jan.19

0.8034

Jan.26

0.8032

Jan.20

0.8034

Jan.27

0.8035

Jan.21

0.8033

Jan.28

0.8026

Jan.22

0.8019

Jan.29

0.8035

Average weekly

0.80304

Average weekly

0.8032

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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