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Weekly Review of Azerbaijani Currency Market

Business Materials 12 March 2007 20:51

Azerbaijan, Baku /corr Trend I.Khalilova / Last week (March 5th to 9th) 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 0.878325 to 1 US dollar.

Last week the maximum rate of US dollar against manat was established on March 5th (0,8785 manats to 1 US dollar), minimum - on February 7th and 9th (0.8682 to US dollar).

Official rate of AZN in regard to USD
26 February 0,8691 5 March 0,8685
27 February 0,8690 6 March 0,8684
28 February 0,8688 7 March 0,8682
1 March 0,8688 8 March -
2 March 0,8686 9 March 0,8682
Average weekly 0,86886 Average weekly 0,868325

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 0.868325 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on March 5th (0,8685 manats to 1 US dollar), minimum - March 7th and 9th (0.8682 manats to 1 US dollar

Deals concluded last week at BEST with transition to currency (T+0) comprised $4,170mln with an average sustained exchange rate of 0,8685 AZN/USD on March 5th, $2,360mln with an average sustained rate of 0,8684 AZN/USD on March 6th, $2,440mln with an average sustained rate of 0,8682 AZN/USD on March 7th, and $1,870mln with an average sustained rate of 0,8682 AZN/USD on March 9th

Official rate of AZN in regard to USD
26 February 0,8691 5 March 0,8685
27 February 0,8690 6 March 0,8684
28 February 0,8688 7 March 0,8682
1 March 0,8688 8 March -
2 March 0,8686 9 March 0,8682
Average weekly 0,86886 Average weekly 0,868325
Exchange rate of AZN in regard to USD
26 February 0,8691 5 March 0,8685
27 February 0,8690 6 March 0,8684
28 February 0,8688 7 March 0,8682
1 March 0,8688 8 March -
2 March 0,8685 9 March 0,8682
Average weekly 0,86884 Average weekly 0,868325

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 - 1.5 manats.

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