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Weekly Review of the Azerbaijani Currency Market

Business Materials 16 October 2006 12:22 (UTC +04:00)

As per the last week results, the official rate of manat with regards to the US dollar, set by the National Bank of Azerbaijan, grew by 0,0006 points or 0.06%. The average rate was established as 0.87456 manats per 1 US dollar, Tren d reports.

Last week, the maximum rate of the US dollar in respect to the manat was established on October 9 (0.8749 manats per 1 US dollar), minimum October 12 and 13 (0.8743 manats per US dollar).

Official rate of AZN in regard to USD

2 October СЏ

October СЏ

0,8758

9 October

October

0,8749

3 October

October

0,8758

10 October

October

0,8747

4 October

October

0,8755

11 October

October

0,8746

5 October

October

0,8752

12 October

October

0,8743

6

October

October

0,8752

13 October

October

0,8743

Average Weekly

Weekly

0,8755

Average Weekly

Weekly

0,87456

As per the last week results, 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 0,0003 points or 0.03%. Average rate was fixed as 0.87366 manats per US dollar.

Last week, the maximum rate of the US dollar in respect to the manat was established on October 12 and 13 (0.8742 manats per 1 US dollar), minimum October 10, 11 and 12 (0.8734 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $3.1 with average sustained exchange rate of 0.8739 AZN/USD on October 9, $6,960m with average sustained rate of 0.8734 AZN/USD on October 10, $3.393m with average sustained rate of 0.8734 AZN/USD on October 11, $4,750m with average sustained rate of 0.8734 AZN/USD on October 12 and $38,970m with average sustained rate of 0,8742 AZN/USD on October 13.

Exchange rate of AZN in regard to USD

2 October СЏ

October СЏ

0,8747

9 October

October

0,8739

3 October

October

0,8747

10 October

October

0,8734

4 October

October

0,8739

11 October

October

0,8734

5 October

October

0,8739

12 October

October

0,8734

6 October

October

0,8739

13 October

October

0,8742

Average weekly

0,87422

Average weekly

0,87366

Due to the absence of appeals, no deal was concluded with Russian ruble and Euros last week

During this period the prices of vouchers were stable and made up 80,000 old manats (16 AZN).

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