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Weekly review of Azerbaijani currency market

Business Materials 2 July 2011 15:18
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.
Weekly review of Azerbaijani currency market

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

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0004 points (0.0 4 percent). The average rate was established at 0. 78 686 manat to 1 U.S. dollar.

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.

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