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Weekly Review of the Azerbaijani Currency Market

Business Materials 27 November 2006 18:57 (UTC +04:00)

As per last weeks results (20-24 November), the official rate of Azeri manat in regards to the US dollar, set by the National Bank of Azerbaijan, grew by 0,0001 points or 0.01%. The average rate was established at 0.87244 manats per 1 US dollar, Trend reports

Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on 20-22 November (0.8727 manats per 1 US dollar), minimum 23 November (0.8726) manats per US dollar).

Official rate of AZN in regard to USD

13 November

-

20 November

0,8725

14 November

0,8727

21 November

0,8725

15 November

0,8726

22 November

0,8725

16 November

0,8726

23 November

0,8723

17 November

-

24 November

0,8724

Average Weekly

0,87263

Average Weekly

0,87244

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 0,0009 points or 0.09%. Average rate was fixed as 0.87182 manats per US dollar.

Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on November 25 (0.8725 manats per 1 US dollar), minimum November 22 (0.8715 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $2,950 mln with average sustained exchange rate of 0.8725 AZN/USD on November 20, $1,369mln with average sustained rate of 0.8718 AZN/USD on November 21, $11,650mln with average sustained rate of 0.8715 AZN/USD on November 22, $0.3mln with average sustained rate of 0.8717 AZN/USD on November 23, and $3,350mln with average sustained rate of 0.8716 AZN/USD on November 24.

Exchange rate of AZN in regard to USD

13 November

-

20 November

0,8725

14 November

0,8726

21 November

0,8718

15 November

0,8726

22 November

0,8715

16 November

0,8716

23 November

0,8717

17 November

-

24 November

0,8716

Average Weekly

0,87227

Average Weekly

0,87182


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 82,000 old manats (16.4 AZN).

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