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Weekly review of Azerbaijani currency market

Business Materials 22 October 2011 12:17 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0001 points (0.01 percent). The average rate was established at 0. 78694 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Oct. 22 / Trend , I.Khalilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0001 points (0.01 percent). The average rate was established at 0. 78694 manat to 1 U.S. dollar.

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

Oct.10

0.7869

Oct.17

0.7869

Oct.11

0.7869

Oct.18

0.7869

Oct.12

0.7868

Oct.19

0.7870

Oct.13

0.7868

Oct.20

0.7870

Oct.14

0.7869

Oct.21

0.7869

Average weekly

0.78686

Average weekly

0.78694

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) hit 0,787 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Oct. 17 - $10 million with exchange rate of 0.787 AZN/USD, Oct. 18- $0.489 million with the exchange rate of 0.787 AZN/USD, Oct. 19-21 - no deals were concluded, the exchange rate remained to the amount of 0.787 AZN/USD,

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

Oct.10

0.7870

Oct.17

0.7870

Oct.11

0.7870

Oct.18

0.7870

Oct.12

0.7870

Oct.19

0.7870

Oct.13

0.7870

Oct.20

0.7870

Oct.14

0.7870

Oct.21

0.7870

Average weekly

0.7870

Average weekly

0.7870

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers.

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