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Weekly review of Azerbaijani Currency Market

Business Materials 19 February 2007 14:30 (UTC +04:00)

Last week (February 12th to 16th) the official rate of the manat against US dollar, set by the National Bank of Azerbaijan grew by 0,0003 point or 0.03%. The average rate was established as 0.86974 to 1 US dollar, Trend reports.

Last week the maximum rate of US dollar against manat was established on February 12th (0,8699 manats to 1 US dollar), minimum вЂ" on February 16th (0.8696 to US dollar)

Official rate of AZN in regard to USD

5 February

0,8703

12 February

February

0,8699

6 February

0,8702

13 February

February

0,8698

7 February

0,8701

14 February

February

0,8697

8 February

0,8699

15 February

February

0,8697

9 February

0,8699

16 February

February

0,8696

Average weekly

0,87008

Average weekly

0,86974

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 0,0003 point or 0.03%. The average rate was fixed at 0.86968 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on February 12th (0,8699 manats to 1 US dollar), minimum вЂ" February 15th (0.8694 manats to 1 US dollar

Deals concluded last week at BEST with transition to currency (T+0) comprised $5,577mln with an average sustained exchange rate of 0,8699 AZN/USD on February 12th, $4,257mln with an average sustained rate of 0,8698 AZN/USD on February 13th, $4,370mln with an average sustained rate of 0,8697 AZN/USD on February 14th, $0,560mln with an average sustained rate of 0,8694 AZN/USD on February 15th and $0,735mln with an average sustained rate of 0,8696 AZN/USD on February 16th.

Exchange rate of AZN in regard to USD

5 February

0,8699

12 February

February

0,8699

6 February

0,8701

13 February

February

0,8698

7 February

0,8701

14 February

February

0,8697

8 February

0,8699

15 February

February

0,8694

9 February

0,8699

16 February

February

0,8696

Average weekly

0,86998

Average weekly

0,86968

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

In this period the price of vouchers fell from the point at 16 manats and made up 15 manats.

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