Azerbaijan, Baku, Feb. 12 / Trend N.Ismayilova /
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0007 points (0.07 percent). The average rate was established at 0.7958 manat to 1 U.S. dollar.
|
Exchange rate of manat to 1 U.S. dollar |
|||
|
Jan.31 |
0,7966 |
Feb.7 |
0,7961 |
|
Feb.1 |
0,7963 |
Feb.8 |
0,7961 |
|
Feb.2 |
0,7961 |
Feb.9 |
0,7958 |
|
Feb.3 |
0,7961 |
Feb.10 |
0,7956 |
|
Feb.4 |
0,7961 |
Feb.11 |
0,7954 |
|
Average weekly |
0,79624 |
Average weekly |
0,7958 |
After the Central Bank shifted to bilateral targeting of the dollar/manat from Jan. 10, 2011, exchange rate of the national has stabilized. Macroeconomic analysis showed that bilateral targeting of dollar/manat corresponds with the objectives of the Central Bank, particularly in influencing the inflation rate.
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) decreased by 0.0017 pint or 0.17 percent at 0.79508 to $1.
Deals concluded last week at BEST with transition to currency (T+0) comprised: Feb.7 - no deals concluded and the exchange rate kept at 0.7961 AZN/USD, Feb. 8 - $9.75 million with exchange rate of 0.7955 AZN/USD, Feb. 9 - $12.13 million with exchange rate of 0.7950 AZN/USD, Feb. 10 - $6 million with exchange rate of 0.7944 AZN/USD, and Feb. 11 - $4.4 million with exchange rate of 0.7944 AZN/USD,.
|
Exchange rate of manat to 1 U.S. dollar |
|||
|
Jan.31 |
0,7952 |
Feb.7 |
0,7961 |
|
Feb.1 |
0,7950 |
Feb.8 |
0,7955 |
|
Feb.2 |
0,7950 |
Feb.9 |
0,7950 |
|
Feb.3 |
0,7961 |
Feb.10 |
0,7944 |
|
Feb.4 |
0,7961 |
Feb.11 |
0,7944 |
|
Average weekly |
0,79548 |
Average weekly |
0,79548 |
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