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Weekly review of Azerbaijani currency market

Business Materials 15 September 2012 15:10
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), cheapened by 0.0001 point (0.01 percent). The average rate was established at 0.78522 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Sept 15 /Trend I.Khalilova/

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), cheapened by 0.0001 point (0.01 percent). The average rate was established at 0.78522 manat to 1 U.S. dollar.

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

September 3

0,7853

September 10

0,7852

September 4

0,7853

September 11

0,7852

September 5

0,7853

September 12

0,7852

September 6

0,7853

September 13

0,7852

September 7

0,7852

September 14

0,7853

Average weekly

0,78528

Average weekly

0,78522

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 10-12 and Sept. 14 no deals were concluded, so the exchange rate preserved at 0.7846 AZN/USD, Sept 13 the deals were concluded to the amount of $4 million with exchange rate at 0.7846 AZN/USD.

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

September 3

0,7846

September 10

0,7846

September 4

0,7846

September 11

0,7846

September 5

0,7846

September 12

0,7846

September 6

0,7846

September 13

0,7846

September 7

0,7846

September 14

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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