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Weekly review of Azerbaijani currency market

Business Materials 21 January 2012 10:48 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), consolidated by 0.0002 points (0.02 percent). The average rate was established at 0.78628 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Jan. 21 /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 0.0002 points (0.02 percent). The average rate was established at 0.78628 manat to 1 U.S. dollar.

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

Jan.9

0.7864

Jan.16

0.7864

Jan.10

0.7863

Jan.17

0.7864

Jan.11

0.7863

Jan.18

0.7862

Jan.12

0.7864

Jan.19

0.7862

Jan.13

0.7864

Jan.20

0.7862

Average weekly

0.78636

Average weekly

0.78628

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 0.0004 points (by 0.04 percent). Last week average exchange was 0.78552 manat to $1.
Deals concluded last week at BEST with transition to currency (T+0) comprised: on Jan.16 - no deals were concluded therefore, exchange rate remained unchanged at 0.7858 AZN/USD, Jan 17 - $11.693 million with exchange rate of 0.7856 AZN/USD, Jan.18 - $9.842 million with exchange rate of 0.7854 AZN/USD, Jan.19 - $0.495 million with exchange rate of 0.7854 AZN/USD and Jan.20 - no deals were concluded, therefore exchange rate remained unchanged at 0.7854 AZN/USD.

Exchange rate of manta to U.S. dollar:

Jan.9

0.7857

Jan.16

0.7858

Jan.10

0.7857

Jan.17

0.7856

Jan.11

0.7857

Jan.18

0.7854

Jan.12

0.7857

Jan.19

0.7854

Jan.13

0.7858

Jan.20

0.7854

Average weekly

0.78572

Average weekly

0.78552

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers. On appeals on RUB/AZN and EUR/AZN, appeals were not made.

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