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Weekly review of Azerbaijani currency market

Business Materials 5 May 2012 17:24 (UTC +04:00)

Azerbaijan, Baku, May 5 / 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 0.786112 manat to 1 U.S. dollar.

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

April 23

0,7860

April 30

0,7862

April 24

0,7861

May 1

0,7862

April 25

0,7861

May 2

0,7862

April 26

0,7861

May 3

0,7860

April 27

0,7862

May 4

0,7860

Average weekly

0,7861

Average weekly

0,786112

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 at 0.7858 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: April 30 amd May 1 no deals were concluded, therefore exchange rate remained at 0.7855 AZN/USD, May 2 - $2.69 million with exchange rate of 0.7855 AZN/USD, May 3 - $0.7 million with exchange rate of 0.7855 AZN/USD, May 4 - no deals were concluded, therefore the exchange rate remained at 0.7855 AZN/USD.

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

April 23

0,7860

April 30

0,7855

April 24

0,7858

May 1

0,7855

April 25

0,7854

May 2

0,7855

April 26

0,7861

May 3

0,7855

April 27

0,7861

May 4

0,7855

Average weekly

0,78588

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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