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Weekly review of Azerbaijani currency market

Business Materials 29 January 2011 13:34 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0005 points (0.5 percent) . The average rate was established at 0.7973 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Jan. 29 / Trend, I.Khalilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0005 points (0.5 percent) . The average rate was established at 0.7973 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Jan.17

0,7974

Jan.24

0,7974

Jan.18

0,7974

Jan.25

0,7974

Jan.19

0,7974

Jan.26

0,7974

Jan.20

0,7974

Jan.27

0,7974

Jan.21

0,7974

Jan.28

0,7969

Average weekly

0,7974

Average weekly

0,7973

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 0.0011 at 0.79666 to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Jan. 24 no deals concluded and the exchange rate kept at 0. 7967 AZN/USD, Jan.25 - $1 million with exchange rate of 0.7974 AZN/USD, Jan.26 no deals concluded and the exchange rate kept at 0.7974 AZN/USD, Jan.27 - $26.6 million with exchange rate of 0.7962 AZN/USD and Jan.28 $11 million with exchange rate of 0.7956 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

Jan.17

0,7967

Jan.24

0,7967

Jan.18

0,7967

Jan.25

0,7974

Jan.19

0,7967

Jan.26

0,7974

Jan.20

0,7967

Jan.27

0,7962

Jan.21

0,7967

Jan.28

0,7956

Average weekly

0,7967

Average weekly

0,79666

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.

During January, the official exchange rate of manat compared to U.S. dollar, set by the CBA consolidated by 0.1 percent, stock prices - by 0.14 percent.

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