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Weekly review of Azerbaijani currency market

Business Materials 14 August 2006 15:57 (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 0,0013 point or 0.13%. Average rate was established as 0.88716 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 7 August (0.8878 manats per 1 US dollar), minimum 11 August (0.8865 manats per US dollar)

Official rate of AZN in regard to USD

31 July

0,9090

7 August

0,8878

1 August

0,9090

8 August

0,8875

2 August

0,8880

9 August

0,8871

3 August

0,8879

10 August

0,8869

4 August

0,8880

11 August

0,8865

Average weekly

0,89638

Average weekly

0,88716

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 0,0015 point or 0.15%. Average rate was fixed as 0.8868 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 7 August (0.8876 manats per 1 US dollar), minimum 11 August (0.8861 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $10.5m with average sustained exchange rate of 0.8876m AZN/USD on 7 August, $71.766m with average sustained exchange rate of 0.8871m AZN/USD on 8 August, $91,395m with average sustained rate of 0,8867 AZN/USD on 9 August, $70,15m with average sustained rate of 0,8865 AZN/USD on 10 August and $7,44m with average sustained rate of 0,8861 AZN/USD on 11 August.

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