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Weekly Review of Azerbaijani Currency Market

Business Materials 9 April 2007 17:44 (UTC +04:00)
Weekly Review of Azerbaijani Currency Market

Azerbaijan, Baku / corr. Trend I.Khalilova / Last week (2-6 April) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan grew by 0,0007 point or 0.07%. The average rate was established as 0.86654 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 2 April (0,8669 manats to 1 US dollar), minimum - on 6 April (0.8662 to US dollar)

Official rate of AZN in regard to USD
26 March 0,8676 2 April 0,8669
27 March 0,8675 3 April 0,8667
28 March 0,8675 4 April 0,8666
29 March 0,8674 5 April 0,8663
30 March 0,8672 6 April 0,8662
Weekly Average 0,86744 Weekly Average 0,86654

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 0,0009 point or 0.09%. The average rate was fixed at 0.8662 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on 2 April (AZN 0,8667 per US $1), minimum - 5 and 6 April (AZN 0,8658 per US $1).

Deals concluded last week at BEST with transition to currency (T+0) comprised $6,213mln with an average sustained exchange rate of 0,8667 AZN/USD on 2 April, $7,280mln with an average sustained rate of 0,8665 AZN/USD on 3 April, $4,215mln with an average sustained rate of 0,8662 AZN/USD on 4 April, $5,150mln with an average sustained rate of 0,8665 AZN/USD on 5 April and $3,980mln with an average sustained rate of 0,8658 AZN/USD on 6 April.

Official rate of AZN in regard to USD
26 March 0,8676 2 April 0,8669
27 March 0,8675 3 April 0,8667
28 March 0,8675 4 April 0,8666
29 March 0,8674 5 April 0,8663
30 March 0,8672 6 April 0,8662
Weekly Average 0,86744 Weekly Average 0,86654
Exchange rate of AZN in regard to USD
26 March 0,8675 2 April 0,8667
27 March 0,8675 3 April 0,8665
28 March 0,8675 4 April 0,8662
29 March 0,8674 5 April 0,8658
30 March 0,8671 6 April 0,8658
Weekly Average 0,8674 Weekly Average 0,8662

По инструментам USD/A 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 was stable and comprised 15, though at the end of the week dropped to 15 manats.

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