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Weekly review of Azerbaijan's currency market

Business Materials 26 July 2010 16:37 (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 0.80366 manat to 1 U.S. dollar.
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, July 26 / Trend, I.Khalilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0001 points or 0.01 percent. The average rate was established at 0.80366 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established July 22 (0.8038 manat to 1 U.S. dollar) and minimum July 20 (0.8035 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

July 12

0,8038

July 19

0,8037

July 13

0,8038

July 20

0,8035

July 14

0,8037

July 21

0,8037

July 15

0,8037

July 22

0,8038

July 16

0,8036

July 23

0,8036

Average weekly

0,80372

Average weekly

0,80366

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 points or 0.01 percent. The average rate was fixed at 0.80378 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 19-20 deals were not concluded and the rate remained at the level 0.8037 manats to 1 U.S. dollar, but July 20 - the rate was at the level 0.8038 manats, July 21 - $3.6 million with the average sustained rate of 0,8038 manats to 1 U.S. dollar, July 22 and 23 no deals were concluded, the rate remained at the level same level.

Exchange rate of manat to 1 U.S. dollar

July 12

0,8037

July 19

0,8037

July 13

0,8037

July 20

0,8038

July 14

0,8037

July 21

0,8038

July 15

0,8037

July 22

0,8038

July 16

0,8037

July 23

0,8038

Average weekly

0,8037

Average weekly

0,80378

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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