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Weekly review of Azerbaijani currency market

Business Materials 27 June 2006 13:01 (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 0,0003 point or 0.03%. Average rate was established as 0.89612 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 19 June (0.8963 manats per 1 US dollar), minimum 22 and 23 June (0.8960 manats per US dollar)

Official rate of AZN in regard to USD

12 June

June

0,8973

19 June

June

0,8963

13 June

June

0,8970

20 June

June

0,8961

14 June

June

0,8968

21 June

June

0,8962

15 June

June

-

22 June

June

0,8960

16 June

June

0,8963

23 June

June

0,8960

Average weekly

0,89685

Average weekly

0,89612

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 0,0003 point or 0.03%. Average rate was fixed as 0.89552 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 19 June (0.8957 manats per 1 US dollar), minimum 22 and 23 June (0.8954 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $7,245m with average sustained exchange rate of 0,8957 AZN/USD on 19 June, $6.3m with average sustained rate of 0,8955 AZN/USD on 20 June, $10,860m with average sustained rate of 0,8956 AZN/USD on 21 June, $6,950m with average sustained rate of 0,8954 AZN/USD on 22 June and $10.6, with the rate of 0,8954 AZN/USD on 23 June.

Exchange rate of AZN in regard to USD

12 June

June

0,8965

19 June

June

0,8957

13 June

June

0,8960

20 June

June

0,8955

14 June

June

0,8962

21 June

June

0,8956

15 June

June

-

22 June

June

0,8954

16 June

June

0,8954

23 June

June

0,8954

Average weekly

0,896025

Average weekly

0,89552

No deal was concluded with Russian ruble and euros last week due to absence of appeals.

In this period prices of vouchers were stable and comprised 80,000 old manats (16 AZN), 10,000 manats down (2 AZN). Only on 19 June the process in the beginning made up 75,000 manats (15AZN) the rose 80,000 manats (16 AZN).

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