Azerbaijan, Baku, April 16 / Trend , N.Ismayilova/
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0004 points (0.04 percent). The average rate was established at 0. 79192 manat to 1 U.S. dollar.
Exchange rate of manat to 1 U.S. dollar |
|||
April 4 |
0,79 26 |
April 11 |
0,7921 |
April 5 |
0,792 6 |
April 12 |
0,7920 |
April 6 |
0,792 4 |
April 13 |
0,7920 |
April 7 |
0,792 3 |
April 14 |
0,7918 |
April 8 |
0,792 3 |
April 15 |
0,7917 |
Average weekly |
0,792 44 |
Average weekly |
0,79192 |
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, the 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 0.7913 manat to $1.
Deals concluded last week at BEST with transition to currency (T+0) comprised: April 11 - deals were not concluded and therefore, the rate remained at 0.7913 AZN/USD, April 12 - $4.01 million with exchange rate of 0.7913 AZN/USD, April 13 - $1.705 million with exchange rate of 0.7913 AZN/USD, April 14 -$2 million with exchange rate of 0.7913 AZN/USD, April 15 - $3.145 million with exchange rate of 0.7913 AZN/USD.
Exchange rate of manat to 1 U.S. dollar: |
|||
April 4 |
0,79 13 |
April 11 |
0,79 13 |
April 5 |
0,7913 |
April 12 |
0,7913 |
April 6 |
0,7913 |
April 13 |
0,7913 |
April 7 |
0,7913 |
April 14 |
0,7913 |
April 8 |
0,7913 |
April 15 |
0,7913 |
Average weekly |
0,7913 |
Average weekly |
0,7913 |
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.