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Weekly review of Azerbaijani currency market

Business Materials 28 January 2012 11:43 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), decreased by 0.0001 points (0.01 percent). The average rate was established at 0.78626 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Jan. 28 / Trend N.Ismayilova/

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), decreased by 0.0001 points (0.01 percent). The average rate was established at 0.78626 manat to 1 U.S. dollar.

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

Jan.16

0.7864

Jan.23

0.7862

Jan.17

0.7864

Jan.24

0.7862

Jan.18

0.7862

Jan.25

0.7863

Jan.19

0.7862

Jan.26

0.7863

Jan.20

0.7862

Jan.27

0.7863

Average weekly

0,78628

Average weekly

0.78626

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), decreased by 0.0001 points (by 0.01 percent). Last week average exchange was 0.78544 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: on Jan.23 - $1.119 million with exchange rate of 0.7854 AZN/USD, Jan 24 - $1.18 million with exchange rate of 0.7854 AZN/USD, Jan.25 - $1.038 million with exchange rate of 0.7854 AZN/USD, Jan.26 - $22.449 million with exchange rate of 0.7855 AZN/USD and Jan.27 - $0.478 million with exchange rate of 0.7855 AZN/USD.

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

Jan.16

0.7858

Jan.23

0.7854

Jan.17

0.7856

Jan.24

0.7854

Jan.18

0.7854

Jan.25

0.7854

Jan.19

0.7854

Jan.26

0.7855

Jan.20

0.7854

Jan.27

0.7855

Average weekly

0,78552

Average weekly

0.78544

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

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