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Weekly review of Azerbaijani currency market

Business Materials 16 October 2010 11:52 (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 0.80276 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Oct. 2 / 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 0.80276 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established Sept. 27-28 (0.8029 manat to 1 U.S. dollar) and minimum was established Oct.1 at 0.8026 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Sept.20

0,8033

Sept.27

0,8029

Sept.21

0,8032

Sept.28

0,8029

Sept.22

0,8030

Sept.29

0,8027

Sept.23

0,8030

Sept.30

0,8027

Sept.24

0,8030

Oct.1

0,8026

Average weekly

0,8031

Average weekly

0,80276

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 unchanged at 0.8032 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 27 - $0,098 million with exchange rate of 0.8032 AZN/USD, Sept. 28 - $5.6 million with exchange rate of 0.8032 AZN/USD, Sept.29- no deals were concluded. So, the rate remained at the same level of 0.8032 AZN/USD, Sept. 30 - $3.13 million with exchange rate of 0.8032 AZN/USD, Oct.1 - 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

Sept.20

0,8034

Sept.27

0,8032

Sept.21

0,8034

Sept.28

0,8032

Sept.22

0,8032

Sept.29

0,8032

Sept.23

0,8032

Sept.30

0,8032

Sept.24

0,8032

Oct.1

0,8032

Average weekly

0,80328

Average weekly

0,8032

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 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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