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Weekly review of Azerbaijani currency market

Business Materials 30 July 2011 14:10 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , decreased by 0.0003 points (0.03 percent). The average rate was established at 0. 78648 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, July 30 / Trend N. Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , decreased by 0.0003 points (0.03 percent). The average rate was established at 0. 78648 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

July 18

0,786 2

July 25

0,7865

July 19

0,786 2

July 26

0,7864

July 20

0,786 4

July 27

0,7863

July 21

0,786 4

July 28

0,7866

July 22

0,786 5

July 29

0,7866

Average weekly

0,786 34

Average weekly

0,78648

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) hit 0.7866 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 25 -$ 0.717 million with exchange rate of 0.7866 AZN/USD, July 26 - $2.69 million with exchange rate of 0.7866 AZN/USD, July 27 - $6.546 million with exchange rate of 0.7866 AZN/USD, July 28 - $3 million with exchange rate of 0.7866 AZN/USD, July 29 - $5.347 million with exchange rate of 0.7866 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

July 18

0,7866

July 25

0,7866

July 19

0,7866

July 26

0,7866

July 20

0,7866

July 27

0,7866

July 21

0,7866

July 28

0,7866

July 22

0,7866

July 29

0,7866

Average weekly

0,7866

Average weekly

0,7866

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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