Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Sept. 25 / 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 0.8031 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established Sept. 20 (0.8033 manat to 1 U.S. dollar) and minimum was established Sept. 22, 23 and 24 at 0.8030 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

September 13

0,8037

September 20

0,8033

September 14

0,8037

September 21

0,8032

September 15

0,8035

September 22

0,8030

September 16

0,8035

September 23

0,8030

September 17

0,8033

September 24

0,8030

Average weekly

0,80354

Average weekly

0,8031

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 0.80328 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 20 - $0.287 million with exchange rate of 0.8034 AZN/USD, Sept. 21 - no deals were concluded. So, the rate remained at the same level of 0.8034 AZN/USD, Sept. 22 - $4.199 million with exchange rate of 0.8032 AZN/USD, Sept. 23 and 24 - no deals were concluded. So, the rate remained at the same level of 0.8032 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

September 13

0,8039

September 20

0,8034

September 14

0,8039

September 21

0,8034

September 15

0,8037

September 22

0,8032

September 16

0,8037

September 23

0,8032

September 17

0,8035

September 24

0,8032

Average weekly

0,80374

Средний курс за неделю

0,80328

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN.

Last week, the price on privatization vouchers remained without changes, with purchases was running for five manat and and sales for six manat. President Ilham Aliyev's decree on additional measures to ensure the use of  state privatization vouchers prolonged the validity period until Jan. 1, 2011. This decision was made as roughly 80 percent of the vouchers were still in circulation.

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