Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Dec.3 / Trend , N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan, decreased by 0.0001 point (0.01 percent). The average rate was established at 0.78644 manat to 1 U.S. dollar.

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

Nov.21

0.7865

Nov.28

0.,7865

Nov.22

0.7865

Nov.29

0.7864

Nov.23

0.7865

Nov.30

0.7864

Nov.24

0.7865

Dec.1

0.7864

Nov.25

0.7865

Dec.2

0.7865

Average weekly

0.7865

Average weekly

0.78644

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 and amounted to 0.7857 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov.28 - $7.822 million with exchange rate of 0.7857 AZN/USD, Nov.29 - $1.85 million with the exchange rate of 0.7857 AZN/USD, Nov.30 - $1.149 million with the exchange rate 0.7857 AZN/USD, Dec.1 - $1.344 million with the exchange rate 0.7857 AZN/USD, Dec.2 - no deals were concluded, and therefore the exchange rate remained unchanged at 0.7857 AZN/USD.

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

Nov.21

0.7865

Nov.28

0.,7865

Nov.22

0.7865

Nov.29

0.7864

Nov.23

0.7865

Nov.30

0.7864

Nov.24

0.7865

Dec.1

0.7864

Nov.25

0.7865

Dec.2

0.7865

Average weekly

0.7865

Average weekly

0.78644

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

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