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Weekly review of Azerbaijani currency market

Business Materials 23 February 2013 14:23 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) increased by 0.0001 points (0.01 percent). The average rate was established at 0.78472 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Feb. 23 /Trend I.Khalilova/

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) increased by 0.0001 points (0.01 percent). The average rate was established at 0.78472 manat to 1 U.S. dollar.

Official exchange rate of manat to 1 U.S. dollar:

Feb.11

0,7848

Feb. 18

0,7847

Feb.12

0,7848

Feb. 19

0,7847

Feb.13

0,7848

Feb. 20

0,7848

Feb.14

0,7847

Feb. 21

0,7847

Feb.15

0,7847

Feb. 22

0,7847

Average weekly

0,78476

Average weekly

0,78472

As a result of last week's exchange, the stock exchange price of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), remained stable. The average rate was set at 0.7837 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: No deals were concluded on Feb. 18, 20 and 21, resulting in exchange rate remaining stable at 0.7837 AZN/USD, Feb. 19 - $4.895 million with exchange rate of 0.7837 AZN/USD, Feb.22 - $2.856 million with exchange rate of 0.7837 AZN/USD.

Stock exchange price of manat to 1 U.S. dollar:

Feb.11

0,7834

Feb.18

0,7837

Feb.12

0,7834

Feb.19

0,7837

Feb.13

0,7834

Feb.20

0,7837

Feb.14

0,7834

Feb.21

0,7837

Feb.15

0,7837

Feb.22

0,7837

Average weekly

0,78346

Average weekly

0,7837

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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