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Weekly review of Azerbaijani currency market

Business Materials 5 April 2014 11:37 (UTC +04:00)
Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0.0001 points (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, April 5

By Emin Aliyev - Trend:

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0.0001 points (0.01 percent). The average rate was established at 0.78432 manat to 1 U.S. dollar.

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

March 24

-

March 31

0,7843

March 25

-

April 1

0,7843

March 26

-

April 2

0,7843

March 27

0,7843

April 3

0,7843

March 28

0,7843

April 4

0,7844

Average weekly

0,7843

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 0.7830 manat to 1 U.S. dollar.

Deal concluded last week at BEST comprised: April 2 - $3.441 million. No deal was concluded on March 31, April 1, 3 and 4.

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

March 24

0,7830

March 31

0,7830

March 25

0,7830

April 1

0,7830

March 26

0,7830

April 2

0,7830

March 27

0,7830

April 3

0,7830

March 28

0,7830

April 4

0,7830

Average weekly

0,7830

Average weekly

0,7830

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.

translated by NH

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