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Weekly review of Azerbaijani currency market

Business Materials 17 July 2006 16:03 (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 0,0018 point or 0.18%. Average rate was established as 0.89278 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 10 and 11 July (0.8935 manats per 1 US dollar), minimum 14 July (0.8917 manats per US dollar)

Official rate of AZN in regard to USD

3 July

0,8953

10 July

0,8935

4 July

0,8949

11 July

0,8935

5 July

0,8949

12 July

0,8929

6 July

0,8947

13 July

0,8923

7

July

0,8941

14 July

0,8917

Average weekly

0,89478

Average weekly

0,89278

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 0,0023 point or 0.23%. Average rate was fixed as 0.89182 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 10 July (0.8928 manats per 1 US dollar), minimum 14 July (0.8905 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $8.1m with average sustained exchange rate of 0.8928m AZN/USD on 10 July, $2.320m with average sustained exchange rate of 0.8924m AZN/USD on 11 July, $35,460m with average sustained rate of 0,8923 AZN/USD on 12 July, $1,395m with average sustained rate of 0,8911 AZN/USD on 13 July and $1,579m with the rate of 0,8905 AZN/USD on 14 July.

Exchange rate of AZN in regard to USD

3 July

0,8943

10 July

0,8928

4 July

0,8943

11 July

0,8924

5 July

0,8940

12 July

0,8923

6 July

0,8939

13 July

0,8911

7 July

0,8931

14 July

0,8905

Average weekly

0,89392

Average weekly

0,89182

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 79,000 old manats (15.8 AZN).

Exchange rate of AZN in regard to USD

3 July

0,8943

10 July

0,8928

4 July

0,8943

11 July

0,8924

5 July

0,8940

12 July

0,8923

6 July

0,8939

13 July

0,8911

7 July

0,8931

14 July

0,8905

Average weekly

0,89392

Average weekly

0,89182

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 79,000 old manats (15.8 AZN).

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