Weekly Review of the Azerbaijan Currency Market (11-15 December)

As per last weeks results (11-15 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 0.87206 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 11, 12 and 13 December (0.8721 manats per 1 US dollar), minimum 14 and 15 December (0.8720) manats per US dollar).

Official rate of AZN in regard to USD
4 December	0,8723	11 December December	0,8721
5 Decembe	0,8723	12 December December	0,8721
6 Decembe	0,8722	13 December December	0,8721
7 Decembe	0,8723	14 December December	0,8720
8 Decembe	0,8723	15 December December	0,8720
Average Weekly	0,87226	Average Weekly	0,87206

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 0.87206 manats per US dollar.

Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on 11, 12 and 13 December (0.8721 manats per 1 US dollar), minimum 14 and 15 December (0.8720 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $5,830mln with average sustained exchange rate of 0.8721 AZN/USD on 11 December, $4,050mln with average sustained rate of 0.8721 AZN/USD on 12 December, $4.6mln with average sustained rate of 0.8721 AZN/USD on 13 December, $23,665mln with average sustained rate of 0.8720 AZN/USD on 14 December, and $5.740mln with average sustained rate of 0.8720 AZN/USD on 15 December.

Exchange rate of AZN in regard to USD
4 December	0,8723	11 December December	0,8721
5 Decembe	0,8723	12 December December	0,8721
6 Decembe	0,8722	13 December December	0,8721
7 Decembe	0,8723	14 December December	0,8720
8 Decembe	0,8722	15 December December	0,8720
Average Weekly	0,87226	Average Weekly	0,87206 06

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). But only in the end of the week they decreased to 75,000 old manats (15 AZN).