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Weekly review of Azerbaijani currency market

Business Materials 18 February 2012 10:58 (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 0.0002 points (0.02 percent). The average rate was established at 0.78618 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Feb.18 /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 0.0002 points (0.02 percent). The average rate was established at 0.78618 manat to 1 U.S. dollar.

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

Feb.6

0,7863

Feb.13

0,7863

Feb.7

0,7863

Feb.14

0,7861

Feb.8

0,7863

Feb.15

0,7861

Feb.9

0,7863

Feb.16

0,7861

Feb.10

0,7863

Feb.17

0,7863

Average weekly

0,7863

Average weekly

0,78618

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), fixed on 0.0002 points (on 0.02 percent). Last week, the average rate was fixed at 0.78538 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Feb. 13 - $1.24 million with exchange rate of 0.7855 AZN/USD, Feb.14 - $1.631 million with exchange rate of 0.7855 AZN/USD, Feb. 15 - $8.009 million with exchange rate of 0.7853 AZN/USD, Feb.16 - $11.705 million with exchange rate of 0.7853 AZN/USD and Feb.17 - $0.737 million with exchange rate of 0.7853 AZN/USD.

Exchange rate of manat to 1 U.S. dollar

Feb.6

0,7852

Feb.13

0,7855

Feb.7

0,7852

Feb.14

0,7855

Feb.8

0,7852

Feb.15

0,7853

Feb.9

0,7855

Feb.16

0,7853

Feb.10

0,7855

Feb.17

0,7853

Average weekly

0,78532

Average weekly

0,78538

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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