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Weekly review of Azerbaijani currency market

Business Materials 18 November 2012 11:55 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA) strengthened by 0.0002 points (0.02 percent). The average rate was established at 0.78488 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Nov 17 /I.Khalilova/

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA) strengthened by 0.0002 points (0.02 percent). The average rate was established at 0.78488 manat to 1 U.S. dollar.

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

November 5

0,7849

November 12

0,7850

November 6

0,7849

November 13

0,7850

November 7

0,7849

November 14

0,7848

November 8

0,7850

November 15

0,7848

November 9

0,7850

November 16

0,7848

Average weekly

0,78494

Average weekly

0,78488

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), strengthened by 0.0002 points (0.02 percent). The average rate was set at 0.78406 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov. 12 - no deals were concluded, the exchange rate remained at 0,7841 AZN/USD, Nov. 13 - 4.476 million with exchange rate of 0,7841 AZN/USD, Nov.14 - no deals were concluded, the exchange rate remained at 0,7841 AZN/USD, Nov 15 - $1.743 million with exchange rate of 0,7841 AZN/USD, Nov. 16 -$5.101 million with exchange rate of 0,7839 AZN/USD.

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

November 5

0,7838

November 12

0,7841

November 6

0,7838

November 13

0,7841

November 7

0,7838

November 14

0,7841

November 8

0,7841

November 15

0,7841

November 9

0,7841

November 16

0,7839

Average weekly

0,78392

Average weekly

0,78406

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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