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Weekly review of Azerbaijani currency market

Business Materials 3 September 2012 14:53 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), strengthened at 0.0001 points (0.01 percent). The average rate was established at 0.78536 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Sept. 3 /Trend A. Akhundov /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), strengthened at 0.0001 points (0.01 percent). The average rate was established at 0.78536 manat to 1 U.S. dollar.

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

Aug. 27

0,7854

Aug. 20

0,7854

Aug. 28

0,7854

Aug. 21

0,7854

Aug. 29

0,7854

Aug. 22

0,7854

Aug. 30

0,7853

Aug. 23

0,7854

Aug. 31

0,7853

Aug. 24

0,7854

Average weekly

0,78536

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. 27 -$17.21 million with exchange rate at 0.7846 AZN/USD, Aug. 29 -$14.313 million with exchange rate at 0.7846 AZN/USD, Aug. 31 - $2.515 million with exchange rate at 0.7846 AZN/USD, Aug. 28 and Aug. 30 - no deals were concluded.

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

Aug. 27

0,7846

Aug.20

0,7848

Aug.28

0,7846

Aug.21

0,7848

Aug.29

0,7846

Aug.22

0,7848

Aug.30

0,7846

Aug.23

0,7848

Aug.31

0,7846

Aug.24

0,7848

Average weekly

0,7846

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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