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Weekly review of Azerbaijani Currency Market

Business Materials 29 January 2007 11:55 (UTC +04:00)

As per result of the last week (January 15th to 19th) the official rate of the manat against US dollar, set by the National Bank of Azerbaijan grew by 0,0001 point or 0.01%. The average rate was established as 0.87116 to 1 US dollar, Trend reports.

Last week the maximum rate of US dollar against manat was established on January 22nd, 23rd & 24th (0,8712 manats to 1 US dollar), minimum вЂ" January 25th & 26th (0.8711 to US dollar)

Official rate of AZN in regard to USD

15 January

0,8714

22 January

January

0,8712

16 January

0,8714

23 January

0,8712

17 January

0,8714

24 January

0,8712

18 January

0,8713

25 January

0,8711

19 January

0,8712

26 January

0,8711

Average weekly

0,87134

Average weekly

0,87116

As a result of last week's exchange rate of Azerbaijani manat against US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0006 point or 0.06%. The average rate was fixed at 0.87098 to 1 US dollar.

Last week the maximum rate of US dollar against manat was established on January 22nd (0,8712 manats to 1 US dollar), minimum вЂ" January 26th (0.8706 manats to 1 US dollar

Deals concluded last week at BEST with transition to currency (T+0) comprised $2.4mln with average sustained exchange rate of 0,8712 AZN/USD on January 22nd, $0,760mln with average sustained rate of 0,8711 AZN/USD on January 23rd, $1,440mln with average sustained rate of 0,8711 AZN/USD on January 24th, $0,320mln with average sustained rate of 0,8709 AZN/USD on January 25th and $12,184mln with average sustained rate of 0,8706 AZN/USD on January 26th.

Exchange rate of AZN in regard to USD

15 January

0,8714

22 January

January

0,8712

16 January

0,8714

23 January

0,8711

17 January

0,8714

24 January

0,8711

18 January

0,8713

25 January

0,8709

19 January

0,8712

26 January

0,8706

Average weekly

0,87134

Average weekly

0,87098

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

In this period price of vouchers remained unchanged - 16 manats.

Exchange rate of AZN in regard to USD

15 January

0,8714

22 January

January

0,8712

16 January

0,8714

23 January

0,8711

17 January

0,8714

24 January

0,8711

18 January

0,8713

25 January

0,8709

19 January

0,8712

26 January

0,8706

Average weekly

0,87134

Average weekly

0,87098

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

In this period price of vouchers remained unchanged - 16 manats.

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