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Weekly review of Azerbaijani currency market

Business Materials 1 June 2013 10:38 (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, June 1 / Trend A. Akhundov /

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.

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

May 20

0,7847

May 27

0,7846

May 21

0,7847

May 28

0,7846

May 22

0,7847

May 29

0,7846

May 23

0,7846

May 30

0,7846

May 24

0,7846

May 31

0,7846

Average weekly

0,78466

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: May 27, 28 and 30 - no deals were concluded, therefore the exchange rate remained at 0.7836 AZN/USD, May 29 - $6.65 million with the exchange rate of 0.7836 AZN/USD, May 31 - $4.72 million with the exchange rate of 0.7836 AZN/USD.

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

May 20

0,7836

May 27

0,7836

May 21

0,7836

May 28

0,7836

May 22

0,7836

May 29

0,7836

May 23

0,7836

May 30

0,7836

May 24

0,7836

May 31

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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