Weekly review of Azerbaijani currency market

Business Materials 2 July 2011 15:18 (UTC +04:00)

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0004 points (0.0 4 percent). The average rate was established at 0. 78686 manat to 1 U.S. dollar.

Azerbaijan, Baku, Ju ly 2 / Trend I. Khalilova /

Exchange rate of manat to 1 U.S. dollar
June 20	0,7875	June27	0,7871
June21	0,7873	June28	0,7869
June22	0,7873	June29	0,7869
June23	0,7871	June30	0,7867
June24	0,7871	July 1	0,7867
Average weekly	0,78726	Average weekly	0,78686

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) consolidated by 0.00 08 manat to $1. Last week the average currency rate was fixed at 0.78 606 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 2 7- no deals were concluded, so, theexchange rate remained 0.7859 AZN/USD , June 2 8 - $11 million with exchange rate of 0.78 55 AZN/USD, June 2 9 - $3 million with exchange rate of 0.78 63 AZN/USD, June 3 0 - $ 4.216 million with exchange rate of 0.78 63AZN/USD and Ju ly 1 - $0. 236 million with exchange rate of 0.78 63 AZN/USD.

Exchange rate of manat to 1 U.S. dollar:
June 20	0,7890	June27	0,7859
June21	0,7890	June28	0,7855
June22	0,7859	June29	0,7863
June23	0,7859	June30	0,7863
June24	0,7859	July 1	0,7863
Average weekly	0,78714	Average weekly	0,78606

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.

Weekly review of Azerbaijani currency market

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