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Weekly review of Azerbaijani currency market

Business Materials 25 August 2012 11:23 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), remained unchanged. The average rate was established at 0.7854 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Aug. 25 /Trend I.Khalilova/

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), remained unchanged. The average rate was established at 0.7854 manat to 1 U.S. dollar.

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

Aug 13

0,7855

Aug 20

0,7854

Aug 14

0,7855

Aug 21

0,7854

Aug 15

0,7855

Aug 22

0,7854

Aug 16

0,7855

Aug 23

0,7854

Aug 17

0,7854

Aug 24

0,7854

Average weekly

0,78548

Average weekly

0,7854

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 0.7848 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Aug. 20 - 22 no deals were concluded, therefore, exchange rate remained at 0.7848 AZN/USD, Aug.24 - $0.373 million with exchange rate at 0.7848 AZN/USD.

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

Aug 13

0,7848

Aug 20

0,7848

Aug 14

0,7848

Aug 21

0,7848

Aug 15

0,7848

Aug 22

0,7848

Aug 16

0,7848

Aug 23

0,7848

Aug 17

0,7848

Aug 24

0,7848

Average weekly

0,7848

Average weekly

0,7848

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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