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Weekly review of Azerbaijani currency market

Business Materials 10 November 2012 16:13 (UTC +04:00)

Azerbaijan, Baku, Nov 10 /I.Khalilova/

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA) cheapen by 0.0001 points (0.01 percent). The average rate was established at 0.78494 manat to 1 U.S. dollar.

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

October 29

0,7850

November 5

0,7849

October 30

0,7850

November 6

0,7849

October 31

0,7849

November 7

0,7849

November 1

0,7849

November 8

0,7850

November 2

0,7849

November 9

0,7850

Average weekly

0,78494

Average weekly

0,78494

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), cheapen by 0.0003 points (0.01 percent). The average rate was set at 0.78392 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov. 5 - $1.731 million with exchange rate of 0.7838 AZN/USD, Nov. 6 - no deals were concluded, the exchange rate remained at 0,7838 AZN/USD, Nov.7 - $5.968 million with exchange rate of 0,7836 AZN/USD, Nov 8 - $3.947 million with exchange rate of 0,7841 AZN/USD, Nov. 9 - no deals were concluded, the exchange rate remained at0,7841 AZN/USD.

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

October 29

0,7841

November 5

0,7838

October 30

0,7839

November 6

0,7838

October 31

0,7836

November 7

0,7838

November 1

0,7836

November 8

0,7841

November 2

0,7838

November 9

0,7841

Average weekly

0,7838

Average weekly

0,78392

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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