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Weekly review of Azerbaijani currency market

Business Materials 10 September 2011 15:59 (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 0.0001 points (0.01 percent). The average rate was established at 0.78654 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

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Azerbaijan , Baku, Sept. 10 / 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 0.0001 points (0.01 percent). The average rate was established at 0.78654 manat to 1 U.S. dollar.

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

Aug. 27

0,7865

Sept. 5

0,7866

Aug. 30

0,7865

Sept. 6

0,7866

Aug. 31

0,7865

Sept. 7

0,7865

Sept. 1

0,7865

Sept. 8

0,7865

Sept. 2

0,7866

Sept. 9

0,7865

Average weekly

0,78652

Average weekly

0,78654

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 0.7863 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 5 deals were not concluded and the exchange rate remained at 0.7863 AZN/USD, Sept. 6 - $3.151 million with exchange rate of 0.7863 AZN/USD, Sept. 7 - $10.273 million with exchange rate of 0.7863 AZN/USD, Sept. 8 - $0.972 million with exchange rate of 0.7863 AZN/USD, Sept. 9 - $4.316 million with exchange rate of 0.7863 AZN/USD.

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

Aug. 27

0,7862

Sept. 5

0,7863

Aug. 30

0,7862

Sept. 6

0,7863

Aug. 31

0,7862

Sept. 7

0,7863

Sept. 1

0,7863

Sept. 8

0,7863

Sept. 2

0,7863

Sept. 9

0,7863

Average weekly

0,7862

Average weekly

0,7863

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers. On appeals on RUB/AZN and EUR/AZN, appeals were not made.

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