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Weekly review of Azerbaijan's currency market

Business Materials 2 August 2010 20:22 (UTC +04:00)
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, remained unchanged. The average rate was established at 0.8036 manat to 1 U.S. dollar.
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, August 2 / Trend, N.Ismayilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, remained unchanged. The average rate was established at 0.8036 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

19 July

0,8037

26 July

0,8036

20 July

0,8035

27 July

0,8036

21 July

0,8037

28 July

0,8036

22 July

0,8038

29 July

0,8036

23 July

0,8036

30 July

0,8036

Average weekly

0,80366

Average weekly

0,8036

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), dropped by 0.0016 point or 0.16 percent. The average rate was fixed at 0.80338 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 26 and 26 deals were not concluded and the rare remained unchanged - 0.8037 AZN/USD, July 28 - $2.96 million with the average sustained rate 0.8037 AZN/USD, July 29 - $0.029 million with the average sustained rate 0.8037 AZN/USD, July 30 - $44.89 million with the average sustained rate 0.8021 AZN/USD.

Exchange rate of manat to 1 U.S. dollar:

19 July

0,8037

26 July

0,8037

20 July

0,8038

27 July

0,8037

21 July

0,8038

28 July

0,8037

22 July

0,8038

29 July

0,8037

23 July

0,8038

30 July

0,8021

Average weekly

0,80378

Average weekly

0,80338

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 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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