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Weekly review of Azerbaijani currency market

Business Materials 25 October 2014 11:12 (UTC +04:00)
The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7843 AZN to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Oct. 25

By Maksim Tsurkov - Trend:

The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7843 AZN to 1 U.S. dollar.

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

Oct. 13

0,7843

Oct.20

0,7843

Oct.14

0,7843

Oct.21

0,7843

Oct.15

0,7843

Oct.22

0,7843

Oct.16

0,7843

Oct.23

0,7843

Oct.17

0,7843

Oct.24

0,7843

Average weekly

0,7843

Average weekly

0,7843

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: October 20 - $18.202 million, October 23 - $4.036 million, October 24 - $5.5 million. No deals were concluded on October 21-22.

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

Oct.13

0,7829

Oct.20

0,7829

Oct.14

0,7829

Oct.21

0,7829

Oct.15

0,7829

Oct.22

0,7829

Oct.16

0,7829

Oct.23

0,7829

Oct.17

0,7829

Oct.24

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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