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Weekly review of Azerbaijani currency market

Business Materials 29 October 2011 11:32
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , kept unchanged. The average rate was 0.7869 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Oct. 29 / Trend , N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , kept unchanged. The average rate was 0.7869 manat to 1 U.S. dollar.

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

Oct.17

0.7869

Oct.24

0.7869

Oct.18

0.7869

Oct.25

0.7869

Oct.19

0.7870

Oct.26

0.7869

Oct.20

0.7870

Oct.27

0.7869

Oct.21

0.7869

Oct.28

0.7869

Average weekly

0.78694

Average weekly

0.7869

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) consolidated by 0.0009 points (0.09 percent) and hit 0.78646 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Oct. 24 - $1.086 million with exchange rate of 0.787 AZN/USD, Oct. 25 - $1.715 million with the exchange rate of 0.787 AZN/USD, Oct. 26- $39.13 million with the exchange rate of 0.7861 AZN/USD, Oct.27- $3.1 million with the exchange rate of 0.7861 AZN/USD and Oct.28- $30 million with the exchange rate of 0.7861 AZN/USD.

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

Oct.17

0.7870

Oct.24

0.7870

Oct.18

0.7870

Oct.25

0.7870

Oct.19

0.7870

Oct.26

0.7861

Oct.20

0.7870

Oct.27

0.7861

Oct.21

0.7870

Oct.28

0.7861

Average weekly

0.7870

Average weekly

0.78646

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

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