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Weekly review of Azerbaijani currency market

Business Materials 27 October 2012 10:48 (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 0.7850 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Oct. 27 /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 0.7850 manat to 1 U.S. dollar.

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

Oct.15

0.7850

Oct.22

0.7850

Oct.16

0.7852

Oct.23

0.7850

Oct.17

0.7852

Oct.24

0.7850

Oct.18

0.7852

Oct.25

0.7850

Oct.19

0.7851

Oct.26

0.7850

Average weekly

0.78514

Average weekly

0.7850

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), remained unchanged. The average rate was set at 0.7841 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Oct.22- $0.721 million with exchange rate of 0.7841 AZN/USD, Oct.23 - $1.875 million with exchange rate of 0.7841 AZN/USD, Oct.24 - $0.888 million with exchange rate of 0.7841 AZN/USD, Oct.25-26 - no deals were concluded due to days-off.

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

Oct.15

0.7841

Oct.22

0.7841

Oct.16

0.7841

Oct.23

0.7841

Oct.17

0.7841

Oct.24

0.7841

Oct.18

0,7842

Oct.25

0.7841

Oct.19

0.7841

Oct.26

0.7841

Average weekly

0.78412

Average weekly

0.7841

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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