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Weekly review of Azerbaijani currency market

Business Materials 15 May 2006 13:43 (UTC +04:00)

As a result of the last week official rate of manat in regard to US dollar, set by the National Bank of Azerbaijan grew 0,0006 point or 0.06%. Average rate was established as 0.902125 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 8 May (0.9024 manats per 1 US dollar), minimum 12 May (0.9018 manats per US dollar)

Official rate of AZN in regard to USD

1 May

0,9032

8 May

May

0,9024

2 May

0,9032

9 May

May

-

3 May

0,9030

10 May

May

0,9022

4 May

0,9028

11 May

May

0,9021

5 May

0,9029

12 May

May

0,9018

Average weekly

0,90302

Average weekly

0,902125


As of results of the last week exchange rates of Azerbaijani manat in regard to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0009 point or 0.09%. Average rate was fixed as 0.9016 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 10 May (0.9020 manats per 1 US dollar), minimum 12 May (0.9010 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $3,750m with average sustained exchange rate of 0,9019 AZN/USD on 8 May, $0,453m with average sustained rate of 0,9020 AZN/USD on 10 May, $1,920m with average sustained rate of 0,9015 AZN/USD on 11 May, $1,580m with average sustained rate of 0,9010 AZN/USD 12 May.

Exchange rate of AZN in regard to USD

1 May

0,9028

8 May

May

0,9019

2 May

0,9028

9 May

May

-

3 May

0,9026

10 May

May

0,9020

4 May

0,9022

11 May

May

0,9015

5 May

0,9022

12 May

May

0,9010

Average weekly

0,90252

Average weekly

0,9016

Last week no deals were concluded through Russian currency due to absence of appeals. Two deals were concluded with EUR/AZN instrument. One of them amounted to 9,000 euros with a rate of 1,1456 AZN, while another deal amounted to 31,000 euros with a rate of 1,1456 AZN.

Prices of vouchers were stable in is period. From 8 to 11 May prices of vouchers rose to 90,000 old manats (18 AZN), on 12 May - 115,000 manats (23 AZN).

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