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Weekly review of Azerbaijani currency market

Business Materials 27 August 2011 14:44 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), decreased by 0.0002 points (0.02 percent). The average rate was established at 0.7864 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

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Azerbaijan , Baku, Aug. 27 / Trend N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), decreased by 0.0002 points (0.02 percent). The average rate was established at 0.7864 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Aug.15

0.7866

Aug.22

0.7863

Aug.16

0.786 5

Aug.23

0.7863

Aug.17

0.7865

Aug.24

0.7864

Aug.18

0.786 4

Aug.25

0.7865

Aug.19

0.786 3

Aug.25

0.7865

Average weekly

0.78646

Average weekly

0.7864

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), kept unchanged at 0.7862 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Aug. 22, $2.49 million with exchange rate of 0.7862 AZN/USD, Aug.23 -$2.7 million with the exchange rate of 0.7862 AZN/USD, Aug. 24 - $11.659 million with exchange rate of 0.7862 AZN/USD, Aug. 25 - $1.332 million with the exchange rate of 0.7862 AZN/USD, Aug. 26 - $1.633 million with exchange rate of 0.7862 AZN/USD .

Exchange rate of manat to 1 U.S. dollar

Aug.15

0.7866

Aug.22

0.7862

Aug.16

0.7866

Aug.23

0.7862

Aug.17

0.7866

Aug.24

0.7862

Aug.18

0.7862

Aug.25

0.7862

Aug.19

0.7862

Aug.25

0.7862

Average weekly

0.78644

Average weekly

0.7862

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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