Weekly Review of Azerbaijani Currency Market

Azerbaijan, Baku / corr. Trend I.Khalilova / Last week (23-27 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 0.86514 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 23, 24 and 25 April (0,8652 manats to 1 US dollar), the minimum on 27 April (0.8650 to US dollar)

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 0.86496 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 23, 24 and 25 April (AZN 0,8652 to US $1), the minimum 27 April (AZN 0,8643 to US $1).

Deals concluded last week at BEST with transition to currency (T+0) comprised $7,620mln with an average sustained exchange rate of 0,8652 AZN/USD on 23 April, $8,046mln with an average sustained rate of 0,8652 AZN/USD on 24 April, $0.05mln with an average sustained rate of 0,8652 AZN/USD on 25 April, $3.65mln with an average sustained rate of 0,8649 AZN/USD on 26 April and $2,633mln with an average sustained rate of 0,8643 AZN/USD on 27 April.

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.