Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Azerbaijan, Baku, April 23 / Trend A. Akhundov /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), was not changed. The average rate was established at 0.7860 manat to 1 U.S. dollar.

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

April 16

0,7860

April 9

0,7862

April 17

0,7860

April 10

0,7862

April 18

0,7860

April 11

0,7860

April 19

0,7861

April 12

0,7860

April 20

0,7860

April 13

0,7860

Average weekly

0,7860

Average weekly

0,7861

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), increased by 0.0005 points (0.06). Last week, the average rate was set at 0.7858 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Apr. 17, 19 and 20 - no deal was concluded, Apr.16 - $0.798 million with exchange rate of 0.7855 AZN/USD, April 18 - $1 million with exchange rate of 0.7860 AZN/USD.

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

April 16

0,7855

April 9

0,7857

April 17

0,7855

April 10

0,7857

April 18

0,7860

April 11

0,7855

April 19

0,7860

April 12

0,7855

April 20

0,7860

April 13

0,7855

Average weekly

0,7858

Average weekly

0,7855

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

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