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Weekly review of Azerbaijan's currency market

Business Materials 15 March 2010 12:40 (UTC +04:00)
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0001 points or 0.01 percent. The average rate was established at 0.80338 manat to 1 U.S. dollar
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, March 15 / Trend N.Ismayilova /  

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0001 points or 0.01 percent. The average rate was established at 0.80338 manat to 1 U.S. dollar

Last week the maximum rate of the US dollar compared to manat was established March 8-11 (0. 8034 manat to 1 U.S. dollar) and minimum March 12  (0.8033 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

March 1

0,8034

March 8

0,8034

March 2

0,8034

March 9

0,8034

March 3

0,8033

March 10

0,8034

March 4

0,8033

March 11

0,8034

March 5

0,8034

March 12

0,8033

Average weekly

0,80336

Average weekly

0,80338

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 0,0001 point. The average rate was fixed at 0.80346 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: March 8, no deals were concluded and the average rate was 0.8035 manats to 1 U.S. dollar, March 9, $1,862 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, March 10, $1,899 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, March 11, $6,647 million with the average sustained rate of 0.8034 manat to 1 U.S. dollar, and March 12, $8.5 million with the average sustained rate of 0.8024 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

March 1

0,8035

March 8

0,8035

March 2

0,8034

March 9

0,8035

March 3

0,8034

March 10

0,8035

March 4

0,8034

March 11

0,8034

March 5

0,8035

March 12

0,8034

Average weekly

0,80344

Average weekly

0,80346

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 and EUR/AZN.

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. This decision was taken due to the fact that about 80 percent of the check is derived from the circulation.

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