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Weekly review of Azerbaijani currency market

Business Materials 14 July 2012 10:44 (UTC +04:00)

Azerbaijan, Baku, July 14 / 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 0.78554 manat to 1 U.S. dollar.

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

July 2

0.7856

July 9

0.7856

July 3

0.7856

July 10

0.7856

July 4

0.7856

July 11

0.7855

July 5

0.7856

July 12

0.7855

July 6

0.7856

July 13

0.7855

Average weekly

0.7856

Average weekly

0.78554

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), did not change.

The average rate was set at 0.7850 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 9- $0.461 million with exchange rate of 0.7850 AZN/USD, July 10 -12 - no deals were concluded, therefore, the exchange rate remained unchanged at 0.7850 AZN/USD, July 13 - $1.016 million with exchange rate of 0.7850 AZN/USD.

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

July 2

0.7850

July 9

0.7850

July 3

0.7850

July 10

0.7850

July 4

0.7850

July 11

0.7850

July 5

0.7850

July 12

0.7850

July 6

0.7850

July 13

0.7850

Average weekly

0.7850

Average weekly

0.7850

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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