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Weekly review of Azerbaijani currency market

Business Materials 22 December 2012 13:12 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) strengthened at 0.0001 points (0.01 percent). The average rate was established at 0.78488 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Dec. 22 / Trend I. Khalilova /

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) strengthened at 0.0001 points (0.01 percent). The average rate was established at 0.78488 manat to 1 U.S. dollar.

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

Dec.10

0,7847

Dec.17

0,7849

Dec.11

0,7849

Dec.18

0,7849

Dec.12

0,7849

Dec.19

0,7849

Dec.13

0,7849

Dec.20

0,7849

Dec.14

0,7849

Dec.21

0,7848

Average weekly

0,78486

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), remained unchanged. The average rate was set at 0.7839 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Dec. 17 - $2 million with exchange rate of 0.7839 AZN/USD, Dec. 18 - $2.833 million with exchange rate of 0.7839 AZN/USD, Dec. 19 -$0.9 million with exchange rate of 0.7839 AZN/USD, Dec. 20 - $0.815 million with exchange rate of 0.7839 AZN/USD and Dec. 21 - $3.99 million with exchange rate of 0.7839 AZN/USD.

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

Dec. 10

0,7842

Dec. 17

0,7839

Dec. 11

0,7842

Dec. 18

0,7839

Dec. 12

0,7842

Dec. 19

0,7839

Dec. 13

0,7842

Dec. 20

0,7839

Dec. 14

0,7840

Dec. 21

0,7839

Average weekly

0,78416

Average weekly

0,7839

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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