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Weekly review of Azerbaijani currency market

Business Materials 1 October 2011 13:40 (UTC +04:00)

Azerbaijan , Baku, Oct.1 / 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 (0.02 percent). The average rate was established at 0.78688 manat to 1 U.S. dollar.

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

Sept.19

0.7867

Sept. 26

0.7869

Sept. 20

0.7866

Sept. 27

0.7869

Sept. 21

0.7866

Sept. 28

0.7869

Sept. 22

0.7868

Sept. 29

0.7868

Sept. 23

0.7868

Sept. 30

0.7869

Average weekly

0 .786 7

Average weekly

0 .78688

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. 26 - $1.699 million with exchange rate of 0.7863 AZN/USD, Sept.27 - $1.948 million with exchange rate of 0.7863 AZN/USD, Sept. 28 - $0.928 million with exchange rate of 0.7863 AZN/USD, Sept.29 - $2.459 million with exchange rate of 0.7863 AZN/USD and Sept.30 - 1.303 million with exchange rate of 0.7863 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

Sept.19

0.7863

Sept. 26

0.7863

Sept. 20

0.7863

Sept. 27

0.7863

Sept. 21

0.7863

Sept. 28

0.7863

Sept. 22

0.7863

Sept. 29

0.7863

Sept. 23

0.7863

Sept. 30

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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