Weekly review of Azerbaijan's currency market

Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, July 12 / Trend N.Ismayilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0002 points or 0.02 percent. The average rate was established at 0.80372 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established July 5,6 and 7 (0.8038 manat to 1 U.S. dollar) and minimum July 8- 9 (0.8036 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

June 28

0,8038

July 5

0,8038

June 29

0,8039

July 6

0,8038

June 30

0,8039

July 7

0,8038

July 1

0,8039

July 8

0,8036

July 2

0,8038

July 9

0,8036

Average weekly

0,80386

Average weekly

0,80372

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 0.0002 points or 0.02 percent. The average rate was fixed at 0.80386 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 5 -deals were not concluded and the rate remained at the level 0.8039 manats to 1 U.S. dollar, July 6 - $5.3 million with the average sustained rate of 0.8039manats to 1 U.S. dollar, July 7 - $1.3 million with the average sustained rate of 0,8039 manats to 1 U.S. dollar, July 8- $0,085 million with the average sustained rate of 0.8039 manats to 1 U.S. dollar and July 9- $2,417 085 million with the average sustained rate of 0.8037 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

June 28

0,8039

July 5

0,8039

June 29

0,8040

July 6

0,8039

June 30

0,8040

July 7

0,8039

July 1

0,8024

July 8

0,8039

July 2

0,8025

July 9

0,8037

Average weekly

0,8039

Average weekly

0,80386

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 remained unchanged purchase was 7 manat, and sale - 8 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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