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Weekly review of Azerbaijani currency market

Business Materials 11 July 2006 12:05 (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 0,0009 point or 0.09%. Average rate was established as 0.89478 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 3 July (0.8953 manats per 1 US dollar), minimum 7 July (0.8941 manats per US dollar)

Official rate of AZN in regard to USD

26 June

-

3 July

0,8953

27 June

0,8958

4 July

0,8949

28 June

0,8959

5 July

0,8949

29 June

0,8957

6 July

0,8947

30 June

0,8956

7 July

0,8941

Average

weekly

0,89575

Average weekly

0,89478

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 0,0012 point or 0.12%. Average rate was fixed as 0.89392 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 3 and 4 July (0.8943 manats per 1 US dollar), minimum 7 July (0.8931 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $1m with average sustained exchange rate of 8943m AZN/USD on 3 July, no deal - on 4 July, $5.73m with average sustained rate of 0,8940 AZN/USD on 5 July, $1m with average sustained rate of 0,8939 AZN/USD on 6 July and $2.2m with the rate of 0,8931 AZN/USD on 7 July.

Exchange rate of AZN in regard to USD

26 June

-

3 July

0,8943

27 June

0,8950

4 July

0,8943

28 June

0,8954

5 July

0,8940

29 June

0,8951

6 July

0,8939

30 June

0,8950

7 July

0,8931

Average weekly

0,895125

Average weekly

0,89392

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 75,000 old manats (15 AZN).

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