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Weekly review of Azerbaijani currency market

Business Materials 18 May 2013 14:51 (UTC +04:00)

Azerbaijan, Baku, May 18 / Trend I.Khalilova /

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) decreased by 0.0001 points. The average rate was established at 0.78462 manat to 1 U.S. dollar.

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

May 6

0.7845

May 13

0.7846

May 7

0.7845

May 14

0.7846

May 8

0.7845

May 15

0.7846

May 9

0.7845

May 16

0.7846

May 10

0.7845

May 17

0.7847

Average weekly

0.7845

Average weekly

0.78462

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) decreased by 0.0002 points. The average rate was set at 0.78348 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: May 13 and May 15 - no deals were concluded, therefore the exchange rate remained at 0.7834 AZN/USD, May 14 - $4.229 million with the exchange rate of 0.7834 AZN/USD, May 16 - $1.8 million with the exchange rate of 0.7836 AZN/USD and May 17 - $4.84 million with the exchange rate of 0.7836 AZN/USD.

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

May 6

0.7834

May 13

0.7834

May 7

0.7834

May 14

0.7834

May 8

0.7834

May 15

0.7834

May 9

0.7834

May 16

0.7836

May 10

0.7834

May 17

0.7836

Average weekly

0.7834

Average weekly

0.78348

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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