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Weekly review of Azerbaijani currency market

Business Materials 28 April 2012 14:00 (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)
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, April 28 / Trend I.Khalilova /

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 0.7861 manat to 1 U.S. dollar.

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

April 16

0,7860

April 23

0,7860

April 17

0,7860

April 24

0,7861

April 18

0,7860

April 25

0,7861

April 19

0,7861

April 26

0,7861

April 20

0,7860

April 27

0,7862

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), decreased by 0.0007 points (0.07). 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: April 23 no deal was concluded, therefore exchange rate remained at 0.7860 AZN/USD, April 24 - $2 million with exchange rate of 0.7854 AZN/USD, April 26 - $1.864 million with exchange rate of 0.7861 AZN/USD, April 27 - $0.351 million with exchange rate of 0.7861 AZN/USD.

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

April 16

0,7855

April 23

0,7860

April 17

0,7855

April 24

0,7858

April 18

0,7860

April 25

0,7854

April 19

0,7860

April 26

0,7861

April 20

0,7860

April 27

0,7861

Average weekly

0,7858

Average weekly

0,7858

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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