Weekly Review of the Azerbaijani Currency Market (4-8 December)

As per last weeks results (4-8 December), 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 0.87226 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 4,5 and 7 December (0.8723 manats per 1 US dollar), minimum 6 and 8 Decemberr (0.8722) manats per US dollar).

Official rate of AZN in regard to USD
27 November	0,8723	4 December December	0,8723
28 November	0,8723	5 Decembe Decembe	0,8723
29 November	0,8724	6 Decembe Decembe	0,8722
30 November	0,8724	7 Decembe Decembe	0,8723
1 December	0,8723	8 Decembe Decembe	0,8722
Average Weekly ekly	0,87234	Average Weekly ekly	0,87226

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 0,0001 points or 0.01%. Average rate was fixed as 0.87226 manats per US dollar.

Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on 4, 5 and 7 December (0.8723 manats per 1 US dollar), minimum 6 and 8 December (0.8722 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $5,521mln with average sustained exchange rate of 0.8723 AZN/USD on 4 December, $12,212mln with average sustained rate of 0.8723 AZN/USD on 5 December, $11,207mln with average sustained rate of 0.8722 AZN/USD on 6 December, $5,505mln with average sustained rate of 0.8723 AZN/USD on 7 December, and $4.9mln with average sustained rate of 0.8722 AZN/USD on 8 December.

Exchange rate of AZN in regard to USD
27 November	0,8723	4 December December	0,8723
28 November	0,8718	5 Decembe Decembe	0,8723
29 November	0,8716	6 Decembe Decembe	0,8722
30 November	0,8716	7 Decembe Decembe	0,8723
1 December	0,8723	8 Decembe Decembe	0,8722
Average Weekly ekly	0,87192	Average Weekly ekly	0,87226

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).