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Weekly review of Azerbaijani currency market

Business Materials 11 June 2011 14:04 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0007 points (0.07 percent). The average rate was established at 0.78874 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, June 11 / 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 0.78874 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

May 30

0,7896

June 6

0,7891

May 31

0,7894

June 7

0,7888

June 1

0,7894

June 8

0,7887

June 2

0,7893

June 9

0,7887

June 3

0,7893

June 10

0,7884

Average weekly

0,7894

Average weekly

0,78874

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 0.7890 manat to $1 .
Deals concluded last week at BEST with transition to currency (T+0) comprised: June 6 - $ 1.575 million with exchange rate of 0.789 AZN/USD, June 7 - $2.66 million with exchange rate of 0.789 AZN/USD, June 8 - $1.31 million with exchange rate of 0.789 AZN/USD and June 9 - $2.764 million with exchange rate of 0.789 AZN/USD and June 10 - $6.511 million with exchange rate of 0.789 AZN/USD.

Exchange rate of manat to 1 U.S. dollar:

May 30

0,7891

June 6

0,7890

May 31

0,7891

June 7

0,7890

June 1

0,7891

June 8

0,7890

June 2

0,7890

June 9

0,7890

June 3

0,7890

June 10

0,7890

Average weekly

0,78906

Average weekly

0,7890

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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