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Weekly review of Azerbaijani currency market

Business Materials 19 January 2013 12:55 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78486 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Jan.19 / Trend I. Khalilova /

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78486 manat to 1 U.S. dollar.

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

Jan.7

0.7847

Jan.14

0.7848

Jan.8

0.7848

Jan.15

0.7849

Jan.9

0.7848

Jan.16

0.7849

Jan.10

0.7848

Jan.17

0.7849

Jan.11

0.7848

Jan.18

0.7848

Average weekly

0.78478

Average weekly

0.78486

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 0.7856 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Jan.14-no deals were concluded, therefore exchange rate remained at 0.7856 AZN/USD, Jan.15 - $0.930 million with exchange rate of 0.7856 AZN/USD, Jan.16 -$3.722 million with exchange rate of 0.7856 AZN/USD, Jan.18- $0.313 million with exchange rate of 0.7856 AZN/USD .

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

Jan.7

0.7856

Jan.14

0.7856

Jan.8

0.,7856

Jan.15

0.7856

Jan.9

0.7856

Jan.16

0.7856

Jan.10

0.7856

Jan.17

0.,7856

Jan.11

0.7856

Jan.18

0.7856

Average weekly

0.7856

Average weekly

0.7856

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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