...

Weekly review of Azerbaijani currency market

Business Materials 7 April 2012 12:41 (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 0.0001 points (0.01 percent). The average rate was established at 0.7862 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, April 7 / Trend, I. Khalilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.7862 manat to 1 U.S. dollar.

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

March 26

0.7863

April 2

0.7863

March 27

0.7863

April 3

0.7863

March 28

0.7862

April 4

0.7861

March 29

0.7862

April 5

0.7861

March 30

0.7862

April 6

0.7862

Average weekly

0.78624

Average weekly

0.7862

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 at 0.7857 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: April 2 - $0.92 million with exchange rate of 0.7857 AZN/USD, April 3 - $2.22 million with exchange rate of 0.7857 AZN/USD and April 4 -6 $no deals were concluded, therefore, the exchange rate remained unchanged at 0.7857 AZN/USD.

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

March 26

0.7856

April 2

0.7857

March 27

0.7856

April 3

0.7857

March 28

0.7855

April 4

0.7857

March 29

0.7857

April 5

0.7857

March 30

0.7857

April 6

0.7857

Average weekly

0.78562

Average weekly

0.7857

Deals with European currency were resumed this week. Deal worth with 300,000 euros was concluded on EUR / AZN with the exchange rate of 1.0397 EUR/AZN on April 4.

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.

Tags:
Latest

Latest