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Weekly review of Azerbaijani currency market

Business Materials 8 September 2012 14:29
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), strengthen at 0.0001 point (0.01 percent). The average rate was established at 0.78528 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Sept 8 /Trend I.Khalilova/

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), strengthen at 0.0001 point (0.01 percent). The average rate was established at 0.78528 manat to 1 U.S. dollar.

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

Aug 27

0,7854

Sept 3

0,7853

Aug 28

0,7854

Sept 4

0,7853

Aug 29

0,7854

Sept 5

0,7853

Aug 30

0,7853

Sept 6

0,7853

Aug 31

0,7853

Sept 7

0,7852

Average weekly

0,78536

Average weekly

0,78528

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 0.7846 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept 3. $0.220 million with exchange rate at 0.7846 AZN/USD, Sept 4 $0.220 million with exchange rate at 0.7846 AZN/USD, Sept 5-6 - no deals were concluded, Sept 7 $0.228 million with exchange rate at 0.7846 AZN/USD

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

Aug 27

0,7846

September 3

0,7846

Aug 28

0,7846

September 4

0,7846

Aug 29

0,7846

September 5

0,7846

Aug 30

0,7846

September 6

0,7846

Aug 31

0,7846

September 7

0,7846

Average weekly

0,7846

Average weekly

0,7846

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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