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Weekly review of Azerbaijani currency market

Business Materials 29 June 2013 11:49 (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 0.7845 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, 29 June / Trend E. Aliyev /

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 0.7845 manat to 1 U.S. dollar.

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

June 17

June 24

0.7845

June 18

0.7846

June 25

0.7845

June 19

0.7846

June 26

June 20

0.7845

June 27

0.7845

June 21

0.7845

June 28

0.7845

Average weekly

0.78455

Average weekly

0.78455

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 0.7835 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 26-27 - no deals were concluded, therefore the exchange rate remained at 0.7835 AZN/USD, June 25 - $2.5 million with the exchange rate of 0.7835 AZN/USD, June 28 - $2.64 million with the exchange rate of 0.7835 AZN/USD.

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

June 17

June 24

0.7835

June 18

0.7836

June 25

0.7835

June 19

0.7836

June 26

June 20

0.7836

June 27

0.7835

June 21

0.7835

June 28

0.7835

Average weekly

0.783575

Average weekly

0.7835

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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