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Weekly review of Azerbaijani currency market

Business Materials 12 November 2011 14:39 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0002 points (0.02 percent). The average rate was established at 0.78672 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Nov.12 / Trend , N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0002 points (0.02 percent). The average rate was established at 0.78672 manat to 1 U.S. dollar.

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

Oct.31

0.7869

Nov.7

0.7868

Nov.1

0.7869

Nov.8

0.7868

Nov.2

0.7868

Nov.9

0.7868

Nov.3

0.7868

Nov.10

0.7866

Nov.4

0.7868

Nov.11

0.7866

Average weekly

0.78684

Average weekly

0.78672

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 0.7861 manat to $1.

No deals were concluded last week at BEST with transition to currency (T+0), therefore, the exchange rate remained unchanged at 0.7861 manat to $1.

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

Oct.31

0.7861

Nov.7

0.7861

Nov.1

0.7861

Nov.8

0.7861

Nov.2

0.7861

Nov.9

0.7861

Nov.3

0.7861

Nov.10

0.7861

Nov.4

0.7861

Nov.11

0.7861

Average weekly

0.7861

Average weekly

0.7861

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

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