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Weekly review of Azerbaijani currency market

Business Materials 5 October 2013 15:14 (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, Oct. 5 /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 0.7845 manat to 1 U.S. dollar.

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

Sept. 23

0,7844

Sept.30

0,7845

Sept.24

0,7844

Oct. 1

0,7845

Sept.25

0,7844

Oct. 2

0,7845

Sept.26

0,7845

Oct. 3

0,7845

Sept.27

0,7845

Oct. 4

0,7845

Average weekly

0,78444

Average weekly

0,7845

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 0.7835 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 30- $ 3.919 million with exchange rate of 0,7835 AZN/USD, Oct. 1-4 - no deals were concluded.

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

Sept.23

0,7835

Sept.30

0,7835

Sept.24

0,7835

Oct. 1

0,7835

Sept.25

0,7835

Oct. 2

0,7835

Sept.26

0,7835

Oct. 3

0,7835

Sept.27

0,7835

Oct. 4

0,7835

Average weekly

0,7835

Average weekly

0,7835

No deal was concluded with USD/AZN T+1 and T+2 due to lack of appeals made by dealers. Appeals on EUR/AZN and RUB/AZN were not made by banks in BEST.

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