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Weekly Review of Azerbaijani Currency Market

Business Materials 25 September 2006 18:26 (UTC +04:00)

As a result of last week, the official rate of manat with regards to the US dollar, set by the National Bank of Azerbaijan grew 0,0016 points or 0.16%. The average rate was established as 0.87732 manats per 1 US dollar, Trend reports.

Last week the maximum rate of the US dollar in respect to the manat was established on 18 September (0.8783 manats per 1 US dollar), minimum 21 and 22 September (0.8767 manats per US dollar).

Official rate of AZN in regard to USD

11 September

0,8798

18 September

0,8783

12

September

0,8795

19 September

0,8778

13

September

0,8795

20 September

0,8771

14

September

0,8789

21 September

0,8767

15

September

0,8787

22 September

0,8767

Average weekly

0,87928

Average weekly

0,87732

As a result of the last week exchange rates of the Azerbaijani manat with regards to the US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0017 point or 0.17%. Average rate was fixed as 0.87634 manats per US dollar.

Last week the maximum rate of the US dollar in respect to the manat was established on 18 September (0.8772 manats per 1 US dollar), minimum 22 September (0.8755 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $1,140 with average sustained exchange rate of 0.8772 AZN/USD on 18 September, $4,306m with average sustained rate of 0.8768 AZN/USD on 19 September, $6,440m with average sustained rate of 0.8762 AZN/USD on 20 September, $4,670m with average sustained rate of 0.8760 AZN/USD on 21 September and $12.1m with average sustained rate of 0,8755 AZN/USD on 22 September.

Exchange rate of AZN in regard to USD

11 September

0,8786

18 September

0,8772

12

September

0,8789

19 September

0,8768

13

September

0,8786

20 September

0,8762

14

September

0,8785

21 September

0,8760

15

September

0,8777

22 September

0,8755

Average weekly

0,87846

Average weekly

0,87634

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

During this period the prices of vouchers were stable and made up 82,000 old manats (16.4 AZN) showing rise of 2,000 manats (0.4 AZN).

Exchange rate of AZN in regard to USD

11 September

0,8786

18 September

0,8772

12

September

0,8789

19 September

0,8768

13

September

0,8786

20 September

0,8762

14

September

0,8785

21 September

0,8760

15

September

0,8777

22 September

0,8755

Average weekly

0,87846

Average weekly

0,87634

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

During this period the prices of vouchers were stable and made up 82,000 old manats (16.4 AZN) showing rise of 2,000 manats (0.4 AZN).

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