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Weekly Review of Azerbaijani Currency Market

Business Materials 2 April 2007 13:23 (UTC +04:00)

Azerbaijan, Baku / corr. Trend I.Khalilova / Last week (26-30 March) 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 0.86744 to 1 US dollar, Trend reports.

Last week the maximum rate of US dollar against the manat was established on 26 March (0,8676 manats to 1 US dollar), minimum - on 30 March (0.8672 to US dollar)

Official rate of AZN in regard to USD
12 March 0,8679 26 March 0,8676
13 March 0,8679 27 March 0,8675
14 March 0,8677 28 March 0,8675
15 March 0,8676 29 March 0,8674
16 March 0,8676 30 March 0,8672
Weekly Average 0,86774 Weekly Average 0,86744

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 0,0004 point or 0.04%. The average rate was fixed at 0.8674 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on 27

Deals concluded last week at BEST with transition to currency (T+0) comprised $1,380mln with an average sustained exchange rate of 0,8675 AZN/USD on 27 March, $1,650mln with an average sustained rate of 0,8690 AZN/USD on 28 March, $1,530mln with an average sustained rate of 0,8674 AZN/USD on 29 March, $0,550mln with an average sustained rate of 0,8671 AZN/USD on 30 March.

Official rate of AZN in regard to USD
12 March 0,8679 26 March 0,8676
13 March 0,8679 27 March 0,8675
14 March 0,8677 28 March 0,8675
15 March 0,8676 29 March 0,8674
16 March 0,8676 30 March 0,8672
Weekly Average 0,86774 Weekly Average 0,86744
Exchange rate of AZN in regard to USD
12 March 0,8679 26 March 0,8675
13 March 0,8679 27 March 0,8675
14 March 0,8677 28 March 0,8675
15 March 0,8674 29 March 0,8674
16 March 0,8675 30 March 0,8671
Weekly Average 0,86768 Weekly Average 0,8674

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to absence of appeals by dealers. The banks did not make appeals for RUB/AZN and EUR/AZN instruments at BEST.

In this period the price of vouchers dropped a bit and comprised 14 manats against 15 manats.

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