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Weekly review of Azerbaijani Currency Market

Business Materials 13 February 2007 12:04 (UTC +04:00)

Last week (February 5th to 9th) the official rate of the manat against US dollar, set by the National Bank of Azerbaijan grew by 0,0004 point or 0.04%. The average rate was established as 0.87008 to 1 US dollar, Trend reports.

Last week the maximum rate of US dollar against manat was established on February 5th (0,8703 manats to 1 US dollar), minimum вЂ" on February 8th and 9th (0.8699 to US dollar)

Official rate of AZN in regard to USD

29 January

January

0,8710

5 February

February

0,8703

30 January

January

0,8709

6 February

February

0,8702

31 January

January

0,8707

7 February

February

0,8701

1 February

February

0,8705

8 February

February

0,8699

2 February

February

0,8705

9 February

February

0,8699

Average weekly

0,87072

Average weekly

0,87008


As a result of last week's exchange rate of Azerbaijani manat against US dollar, established on the basis of results of the Baku Interbank Currency Exchange (BICEX), increased by 0,0002 point or 0.02%. The average rate was fixed at 0.86998 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on February 6th and 7th (0,8701 manats to 1 US dollar), minimum вЂ" February 5th, 8th and 9th (0.8799 manats to 1 US dollar

Deals concluded last week at BEST with transition to currency (T+0) comprised $3.4mln with an average sustained exchange rate of 0,8699 AZN/USD on February 5th, $0,560mln with an average sustained rate of 0,8701 AZN/USD on February 6th, $27,280mln with an average sustained rate of 0,8701 AZN/USD on February 7th, $2,542mln with an average sustained rate of 0,899 AZN/USD on February 8th and $2.5mln with an average sustained rate of 0,8799 AZN/USD on February 9th.

Exchange rate of AZN in regard to USD

29 January

January

0,8706

5 February

February

0,8699

30 January

January

0,8705

6 February

February

0,8701

31 January

January

0,8703

7 February

February

0,8701

1 February

February

0,8701

8 February

February

0,8699

2 February

February

0,8701

9 February

February

0,8699

Average weekly

0,87032

Average weekly

0,86998


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

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

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