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Weekly review of Azerbaijani currency market

Business Materials 6 April 2013 13:59 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7846 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, April 6 /Trend I. Khalilova /

Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7846 manat to 1 U.S. dollar.

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

March 25

0.7848

April 1

0.7846

March 26

0.7848

April 2

0.7846

March 27

0.7848

April 3

0.7846

March 28

0.7848

April 4

0.7846

March 29

0.7848

April 5

0.7846

Average weekly

0.7848

Average weekly

0.7846

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 0.7836 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: April -1-3 - no deals were concluded, so the exchange rate remained at the level of 0.7836 AZN/USD, April 2 - $5.067 million with exchange rate of 0.7836 AZN/USD, April 4 - $5.04 million with exchange rate of 0.7836 AZN/USD, April 5 - $0.894 million with exchange rate of 0.7836 AZN/USD.

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

March 25

0.7836

April 1

0.7836

March 26

0.7836

April 2

0.7836

March 27

0.7836

April 3

0.7836

March 28

0.7836

April 4

0.7836

March 29

0.7836

April 5

0.7836

Average weekly

0.7836

Average weekly

0.7836

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. No appeals were made on RUB/AZN and EUR/AZN.

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