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Weekly review of Azerbaijan's currency market

Business Materials 6 September 2010 10:45 (UTC +04:00)
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0003 points or 0.03 percent. The average rate was established at 0.8036 manat to 1 U.S. dollar.
Weekly review of Azerbaijan's currency market

Azerbaijan, Baku, Sept. 6 / Trend N.Ismayilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0003 points or 0.03 percent. The average rate was established at 0.8036 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established Aug.31 (0.8038 manat  to 1 U.S. dollar) and minimum was established Sept. 2-3  at 0.8035 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Aug.23

0,8038

Aug.30

0,8036

Aug.24

0,8039

Aug.31

0,8038

Aug.25

0,8038

Sept.1

0,8036

Aug.26

0,8037

Sept.2

0,8035

Aug.27

0,8037

Sept.3

0,8035

Average weekly

0,80378

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) consolidated by 0.0002 points or 0.02  percent. The average rate was fixed at 0. 80388 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: Aug.30 - $0,977 million with the average sustained rate of 0.8037 manats to 1 U.S. dollar, Aug.31 - $0,014 million with the average sustained rate of 0.8039 manats to 1 U.S. dollar, Sept.1 - $2,705 million with the average sustained rate of 0.8037 manats to 1 U.S. dollar, Sept.2 - $2,705 million with the average sustained rate of 0.8039 manats to 1 U.S. dollar, and Sept.3- $1.9 million with the average sustained rate of 0.8037 manats to 1 U.S. dollar

Exchange rate of manat to 1 U.S. dollar

Aug.23

0,8039

Aug.30

0,8037

Aug.24

0,8039

Aug.31

0,8039

Aug.25

0,8039

Sept.1

0,8037

Aug.26

0,8039

Sept.2

0,8037

Aug.27

0,8038

Sept.3

0,8037

Average weekly

0,80388

Average weekly

0,80374

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 without changes, so purchase was 5 manat, and sale - 6 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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