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Weekly review of Azerbaijani currency market

Business Materials 10 October 2011 15:49 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), consolidated by 0.0001 points (0.02 percent). The average rate was established at 0.78692 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Oct.10 / Trend N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), consolidated by 0.0001 points (0.02 percent). The average rate was established at 0.78692 manat to 1 U.S. dollar.

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

Sept . 26

0 . 7869

Oct. 3

0 . 7869

Sept . 27

0 . 7869

Oct. 4

0 . 7869

Sept . 28

0 . 7869

Oct. 5

0 . 7869

Sept . 29

0 . 7868

Oct. 6

0 . 7870

Sept . 30

0 . 7869

Oct. 7

0 . 7869

Average weekly

0 . 78688

Average weekly

0 . 78692

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), decreased by 0.0007 points (by 0.07 percent). Last week average exchange was 0.7867 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: on Oct.3 - no deals were concluded therefore, exchange rate remained unchanged at 0.7863 AZN/USD, Oct.4 - $2.62 million with exchange rate of 0.7863 AZN/USD, Oct.5 - $0.5 million with exchange rate of 0.7869 AZN/USD, Oct.6 - $0.8 million with exchange rate of 0.7870 AZN/USD and Oct.7 - no deals were concluded, therefore exchange rate remained unchanged at 0.7870 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

Sept . 26

0 . 7863

Oct. 3

0 . 7863

Sept . 27

0 . 7863

Oct. 4

0 . 7863

Sept . 28

0 . 7863

Oct. 5

0 . 7869

Sept . 29

0 . 7863

Oct. 6

0 . 7870

Sept . 30

0 . 7863

Oct. 7

0 . 7870

Average weekly

0 . 7863

Average weekly

0 . 7867

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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