Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Jan 7 /Trend N.Ismayilova/

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), consolidated by 0.0001 point (0.01 percent). The average rate was established at 0.78648 manat to 1 U.S. dollar.

Official rate of the manta to $1:

Dec 26

0,7863

Jan 2

0,7865

Dec 27

0,7863

Jan 3

0,7865

Dec 28

0,7862

Jan 4

0,7865

Dec 29

0,7864

Jan 5

0,7865

Dec 30

0,7865

Jan 6

0,7864

Average weekly

0,78634

Average weekly

0,78648

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. Last week average exchange rate of manat hit 0.7857 manat to $1.
Deals concluded last week at BEST with transition to currency (T+0) comprised: from Jan 2 to Jan 4 - no deals were concluded, therefore, the exchange rate remained unchanged at 0.7857 AZN/USD, Jan 5 - $0.5 million with the exchange rate of 0.7857 AZN/USD, Jan 6 - no deals were concluded, therefore, the exchange rate remained unchanged at 0.7857 AZN/USD.

Exchange rate of manat to $1:

Dec 26

0,7862

Jan 2

0,7857

Dec 27

0,7857

Jan 3

0,7857

Dec 28

0,7854

Jan 4

0,7857

Dec 29

0,7854

Jan 5

0,7857

Dec 30

0,7857

Jan 6

0,7857

Average weekly

0,78568

Average weekly

0,7857

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

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