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Weekly Review of Azerbaijani Currency Market

Business Materials 23 April 2007 13:20 (UTC +04:00)
Weekly Review of Azerbaijani Currency Market

Azerbaijan, Baku / corr. Trend I.Khalilova / Last week (16-20 April) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, grew by 0,0002 point or 0.02%. The average rate was established at 0.8653 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 16 and 17 April (0,8654 manats to 1 US dollar), the minimum on 19 and 20 April (0.8652 to US dollar)

Official rate of AZN in regard to USD
9 April 0,8660 16 April 0,8654
10 April 0,8658 17 April 0,8654
11 April 0,8657 18 April 0,8653
12 April 0,8657 19 April 0,8652
13 April 0,8655 20 April 0,8652
Weekly Average 0,86574 Weekly Average 0,8653

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 0,0002 point or 0.02%. The average rate was fixed at 0.86528 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 16 April (AZN 0,8654 to US $1), the minimum 19 and 20 April (AZN 0,8652 to US $1).

Deals concluded last week at BEST with transition to currency (T+0) comprised $9,705mln with an average sustained exchange rate of 0,8654 AZN/USD on 16 April, $3,550mln with an average sustained rate of 0,8653 AZN/USD on 17 April, $1,214mln with an average sustained rate of 0,8653 AZN/USD on 18 April, $5.3mln with an average sustained rate of 0,8652 AZN/USD on 19 April and $16,460mln with an average sustained rate of 0,8652 AZN/USD on 20 April.

Official rate of AZN in regard to USD
9 April 0,8660 16 April 0,8654
10 April 0,8658 17 April 0,8654
11 April 0,8657 18 April 0,8653
12 April 0,8657 19 April 0,8652
13 April 0,8655 20 April 0,8652
Weekly Average 0,86574 Weekly Average 0,8653
Exchange rate of AZN in regard to USD
9 April 0,8660 16 April 0,8654
10 April 0,8658 17 April 0,8653
11 April 0,8657 18 April 0,8653
12 April 0,8657 19 April 0,8652
13 April 0,8655 20 April 0,8652
Weekly Average 0,86574 Weekly Average 0,86528

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.

During this period the price of vouchers dropped and comprised of 12 manats against 14 manats at the beginning of the week.

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