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Weekly review of Azerbaijani currency market

Business Materials 9 November 2013 09:52 (UTC +04:00)
Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) appreciated by 0.0001 points (or by 0.01 percent). The average rate was established at 0.78432 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Nov. 9

By Abbas Akhundov - Trend: Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) appreciated by 0.0001 points (or by 0.01 percent). The average rate was established at 0.78432 manat to 1 U.S. dollar.

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

Oct. 28

0,7844

Nov.4

0,7844

Oct. 29

0,7845

Nov.5

0,7843

Oct. 30

0,7845

Nov.6

0,7843

Oct. 31

0,7845

Nov.7

0,7843

Nov. 1

0,7844

Nov.8

0,7843

Average weekly

0,78446

Average weekly

0,78432

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: Nov. 5- $ 280,000, Nov. 7- $ 525,000, Nov. 8 - $1.681 million and November 4 and 6 - no deals were concluded.

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

Oct. 28

0,7835

Nov.4

0,7835

Oct. 29

0,7835

Nov.5

0,7835

Oct. 30

0,7835

Nov.6

0,7835

Oct. 31

0,7835

Nov.7

0,7835

Nov.1

0,7835

Nov.8

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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