Weekly review of Azerbaijan's currency market

Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, July 19 / Trend I.Khalilova /

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 12 and 13 (0.8038 manat to 1 U.S. dollar) and minimum July 16 (0.8036 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

July 5  

0,8038

July 12

0,8038

July 6  

0,8038

July 13

0,8038

July 7

0,8038

July 14

0,8037

July 8

0,8036

July 15

0,8037

July 9

0,8036

July 16

0,8036

Average weekly

0,80372

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) remained without changes. The average rate was fixed at 0.8037 to 1 U.S. dollar. 

Deals were not concluded last week at BEST, thus the average rate remained at the level 0.8037 to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

July 5

0,8039

July 12

0,8037

July 6  

0,8039

July 13

0,8037

July 7

0,8039

July 14

0,8037

July 8

0,8039

July 15

0,8037

July 9

0,8037

July 16

0,8037

Average weekly

0,80386

Average weekly

0,8037

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 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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