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Weekly review of Azerbaijani currency market

Business Materials 2 February 2013 13:19 (UTC +04:00)

Azerbaijan, Baku, Feb.2 / Trend I. Khalilova /

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) increased by 0.0002 points (0.02 percent). The average rate was established at 0.78446 manat to 1 U.S. dollar.

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

Jan. 21

0,7848

Jan. 28

0,7846

Jan. 22

0,7848

Jan. 29

0,7845

Jan. 23

0,7849

Jan. 30

0,7844

Jan. 24

0,7847

Jan. 31

0,7844

Jan. 25

0,7847

Feb. 1

0,7844

Average weekly

0,78478

Average weekly

0,78446

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), increased by 0.0022 points (0.22 percent). The average rate was set at 0.78428 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Jan. 28 - $0.986 million with exchange rate of 0.7856 AZN/USD, Jan. 29 - $3.364 million with exchange rate of 0.7856 AZN/USD, Jan. 30 - $4 million with exchange rate of 0.7834 AZN/USD, Jan.31 -$14.835 million with exchange rate of 0.7834 AZN/USD, Feb.1 - $0.470 million with exchange rate of 0.7834 AZN/USD.

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

Jan. 21

0,7848

Jan. 28

0,7846

Jan. 22

0,7848

Jan. 29

0,7845

Jan. 23

0,7849

Jan. 30

0,7844

Jan. 24

0,7847

Jan. 31

0,7844

Jan. 25

0,7847

Feb. 1

0,7844

Average weekly

0,78478

Average weekly

0,78446

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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