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Weekly review of Azerbaijani currency market

Business Materials 15 January 2011 17:09
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 0.79754 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 0.79754 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established on Jan.10, 11 and 12 (0.7976 manat to 1 U.S. dollar) and minimum was established on Jan. 14 at 0.7974 manat to 1 U.S. dollar. 

Exchange rate of manat to 1 U.S. dollar

Jan. 3

0,7979

Jan. 10

0,7976

Jan. 4

0,7979

Jan. 11

0,7976

Jan. 5

0,7977

Jan. 12

0,7976

Jan. 6

0,7977

Jan. 13

0,7975

Jan. 7

0,7977

Jan. 14

0,7974

Average weekly

0,79778

Average weekly

0,79754

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. 10 - no deals concluded and the exchange rate kept at 0.7967 AZN/USD, Jan. 11 - $2.65 million with exchange rate of 0.7967 AZN/USD, Jan. 12, 13 and 14 - no deals concluded and the exchange rate kept at 0.7967 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

Jan. 3

0,7967

Jan. 10

0,7967

Jan. 4

0,7967

Jan. 11

0,7967

Jan. 5

0,7967

Jan. 12

0,7967

Jan. 6

0,7967

Jan. 13

0,7967

Jan. 7

0,7967

Jan. 14

0,7967

Average weekly

0,7967

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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