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Weekly review of Azerbaijani currency market

Business Materials 23 July 2012 13:52 (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). The average rate was established at 0.78568 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, July 23 / 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 0.78568 manat to 1 U.S. dollar.

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

July 9

0.7856

July 16

0.7855

July 10

0.7856

July 17

0.7857

July 11

0.7855

July 18

0.7857

July 12

0.7855

July 19

0.7858

July 13

0.7855

July 20

0.7857

Average weekly

0.78554

Average weekly

0.78568

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 16-18- no deals were concluded, therefore, the exchange rate remained unchanged at 0.7850 AZN/USD; July 19 - $0.76 million with exchange rate of 0.7850 AZN/USD, July 20 - $0.336 million with exchange rate of 0.7850 AZN/USD

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

July 9

0.7850

July 16

0.7850

July 10

0.7850

July 17

0.7850

July 11

0.7850

July 18

0.7850

July 12

0.7850

July 19

0.7850

July 13

0.7850

July 20

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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