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Weekly review of Azerbaijani currency market

Business Materials 26 September 2011 14:39 (UTC +04:00)

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Azerbaijan, Baku, Sept. 26 / 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 0.786 7 manat to 1 U.S. dollar.

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

Sept. 12

0,7865

Sept. 19

0,7867

Sept. 13

0,7866

Sept. 20

0,7866

Sept. 14

0,7866

Sept. 21

0,7866

Sept. 15

0,7867

Sept. 22

0,7868

Sept. 16

0,7867

Sept. 23

0,7868

Average weekly

0,78662

Average weekly

0,7867

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. 1 9 - $ 4.126 million with exchange rate of 0.7863 AZN/USD, Sept. 20-21- no deals were concluded and the exchange rate remained at 0.7863 AZN/USD, Sept. 22- $ 3.338 million with exchange rate of 0.7863 AZN/USD ,Sept. 23- no deals were concluded and the exchange rate remained at 0.7863 AZN/USD.

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

Sept. 12

0,7863

Sept. 12

0,7863

Sept. 13

0,7863

Sept. 13

0,7863

Sept. 14

0,7863

Sept. 14

0,7863

Sept. 15

0,7863

Sept. 15

0,7863

Sept. 16

0,7863

Sept. 16

0,7863

Average weekly

0,7863

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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