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Weekly review of Azerbaijani currency market

Business Materials 19 July 2014 17:26 (UTC +04:00)
The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) consolidated by 0.0001 points (0.01 percent).
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, July 19

By Zulfiyya Gurbanova - Trend:

The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78436 AZN to 1 U.S. dollar.

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

July 7

0.7844

July 14

0.7844

July 8

0.7844

July 15

0.7844

July 9

0.7844

July 16

0.7844

July 10

0.7844

July 17

0.7843

July 11

0.7844

July 18

0.7843

Average weekly

0.7844

Average weekly

0.78436

As a result of last week's exchange, the stock exchange price of the Azerbaijani AZN 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 0.7829 AZN to 1 U.S. dollar.

Deals concluded last week at BEST comprised: July 15 - $5.96 million and July 18 - $1.15 million. No deals were concluded on July 14, 16, and 17.

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

July 7

0.7829

July 14

0.7829

July 8

0.7829

July 15

0.7829

July 9

0.7829

July 16

0.7829

July 10

0.7829

July 17

0.7829

July 11

0.7829

July 18

0.7829

Average weekly

0.7829

Average weekly

0.7829

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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