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Weekly review of Azerbaijani currency market

Business Materials 28 July 2012 11:21 (UTC +04:00)
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 0.78562 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, July 28 / 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 0.78562 manat to 1 U.S. dollar.

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

July 16

0.7855

July 23

0.7857

July 17

0.7857

July 24

0.7856

July 18

0.7857

July 25

0.7856

July 19

0.7858

July 26

0.7856

July 20

0.7857

July 27

0.7856

Average weekly

0.78568

Average weekly

0.78562

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), consolidated by 0.0001 points (0.01 percent). The average rate was set at 0.78492 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 23- no deals were concluded, therefore, the exchange rate remained unchanged at 0.7850 AZN/USD; July 24 - $0.35 million with exchange rate of 0.7849 AZN/USD, July 25-26 - no deals were concluded, therefore, the exchange rate remained unchanged at 0.7849 AZN/USD; July 27 - $0.282 million with exchange rate of 0.7849 AZN/USD.

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

July 16

0.7850

July 23

0.7850

July 17

0.7850

July 24

0.7849

July 18

0.7850

July 25

0.7849

July 19

0.7850

July 26

0.7849

July 20

0.7850

July 27

0.7849

Average weekly

0.7850

Average weekly

0.78492

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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