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Weekly review of Azerbaijani currency market

Business Materials 8 January 2011 12:31
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0002 points or 0.02 percent. The average rate was established at 0.79778 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Jan. 8 / Trend N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0002 points or 0.02 percent. The average rate was established at 0.79778 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established on Jan.3-4 (0.7979 manat to 1 U.S. dollar) and minimum was established on Jan.5, 6-7 at 0.7977 manat to 1 U.S. dollar. 

Exchange rate of manat to 1 U.S. dollar

Dec.20

0.7988

Jan.3

0.7979

Dec.21

0.7987

Jan.4

0.7979

Dec.22

0.7987

Jan.5

0.7977

Dec.23

0.7987

Jan.6

0.7977

Dec.24

0.7985

Jan.7

0.7977

Average weekly

0.79868

Average weekly

0.79778

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) kept unchanged at 0.7967 to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Jan.3-  no deals concluded and the exchange rate kept at 0.7967 AZN/USD, Jan.4 - no deals concluded and the exchange rate kept at 0.7967 AZN/USD, Jan.5- $1.1 million with exchange rate of 0. 7967 AZN/USD, Jan.6- $2.19 million with exchange rate of 0.7967 AZN/USD and Jan.7- $15 million with exchange rate of 0.7967 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

Dec.20

0.7974

Jan.3

0.7967

Dec.21

0.7974

Jan.4

0.7967

Dec.22

0.7974

Jan.5

0.7967

Dec.23

0.7973

Jan.6

0.7967

Dec.24

0.7970

Jan.7

0.7967

Average weekly

0.7973

Average weekly

0.7967

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.

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