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Weekly Review of Azerbaijani Currency Market

Business Materials 16 April 2007 13:12 (UTC +04:00)
Weekly Review of Azerbaijani Currency Market

Azerbaijan, Baku / corr. Trend I.Khalilova / Last week (9-13 April) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, grew by 0,0005 point or 0.05%. The average rate was established as 0.86574 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 9 April (0,8660 manats to 1 US dollar), the minimum on 13 April (0.8655 to US dollar)

Official rate of AZN in regard to USD
2 April 0,8669 9 April 0,8660
3 April 0,8667 10 April 0,8658
4 April 0,8666 11 April 0,8657
5 April 0,8663 12 April 0,8657
6 April 0,8662 13 April 0,8655
Weekly Average 0,86654 Weekly Average 0,86574

As a result of last week's exchange rate of the Azerbaijani manat against the US dollar, established on the basis of results of the Baku Interbank Currency Exchange (BICEX), increased by 0,0005 point or 0.05%. The average rate was fixed at 0.86574 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on 2 April (AZN 0,8660 per US $1), the minimum 9 April (AZN 0,8655 per US $1).

Deals concluded last week at BEST with transition to currency (T+0) comprised $5.8mln with an average sustained exchange rate of 0,8660 AZN/USD on 9 April, $12,049mln with an average sustained rate of 0,8658 AZN/USD on 10 April, $8,175mln with an average sustained rate of 0,8657 AZN/USD on 11 April, $5.5mln with an average sustained rate of 0,8657 AZN/USD on 12 April and $4,571mln with an average sustained rate of 0,8655 AZN/USD on 13 April.

Official rate of AZN in regard to USD
2 April 0,8669 9 April 0,8660
3 April 0,8667 10 April 0,8658
4 April 0,8666 11 April 0,8657
5 April 0,8663 12 April 0,8657
6 April 0,8662 13 April 0,8655
Weekly Average 0,86654 Weekly Average 0,86574
Exchange rate of AZN in regard to USD
2 April 0,8667 9 April 0,8660
3 April 0,8665 10 April 0,8658
4 April 0,8662 11 April 0,8657
5 April 0,8658 12 April 0,8657
6 April 0,8658 13 April 0,8655
Weekly Average 0,8662 Weekly Average 0,86574

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.

Only one deal was concluded on RUB/AZN T+1 on 9 April in the amount of AZN 3,039. the average sustained weight rate AZN 0,0334 manats per 1 RUB.

During this period the price of vouchers was stable and comprised of 14 manats.

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