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Weekly review of Azerbaijani currency market

Business Materials 19 November 2011 13:10 (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 point (0.01 percent). The average rate was established at 0.78654 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Nov.19 / Trend , N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0001 point (0.01 percent). The average rate was established at 0.78654 manat to 1 U.S. dollar.

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

Nov.7

0.7868

Nov.14

0.7866

Nov.8

0.7868

Nov15

0.7866

Nov.9

0.7868

Nov.16

0.7865

Nov.10

0.7866

Nov.17

0.7865

Nov.11

0.7866

Nov.18

0.7865

Average weekly

0.78672

Average weekly

0.78654

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) declined by 0.0004 points (0.04 percent) and amounted to 0.78606 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov.14 - $7.5 million with exchange rate of 0.7861 AZN/USD, Nov.15 - $10.31 million with the exchange rate of 0.7861 AZN/USD, Nov.16 - $27.5 million with the exchange rate 0.7859 AZN/USD, Nov.17 - $3.664 million with the exchange rate 0.7861 AZN/USD, Nov.18 - $7.3 million with the exchange rate of 0.7863 AZN/USD.

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

Nov.7

0.7861

Nov.14

0.7861

Nov.8

0.7861

Nov.15

0.7861

Nov.9

0.7861

Nov.16

0.7859

Nov.10

0.7861

Nov.17

0.7859

Nov.11

0.7861

Nov.18

0.7863

Average weekly

0.7861

Average weekly

0.78606

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

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