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Weekly review of Azerbaijani currency market

Business Materials 9 March 2013 12:30 (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 0.78492 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, March 9 /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 0.78492 manat to 1 U.S. dollar.

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

Feb. 25

0,7847

March 4

0,7848

Feb.26

0,7849

March 5

0,7850

Feb.27

0,7849

March 6

0,7850

Feb.28

0,7848

March 7

0,7849

March 1

0,7848

March 8

0,7849

Average weekly

0,78482

Average weekly

0,78492

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 unchanged. 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: March 4 - $1.411 million with exchange rate of 0.7837 AZN/USD, March 5-6 and March 8 - no deals were concluded, so the exchange rate remained at 0.7837 AZN/USD, March 7 - $3.459 million with exchange rate of 0.7837 AZN/USD.

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

Feb. 25

0,7835

March 4

0,7837

Feb. 26

0,7838

March 5

0,7837

Feb. 27

0,7837

March 6

0,7837

Feb. 28

0,7837

March 7

0,7837

March 1

0,7837

March 8

0,7837

Average weekly

0,78368

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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