Weekly Review of Azerbaijani Currency Market

Weekly Review of Azerbaijani Currency Market

Azerbaijan, Baku / corr. Trend I.Khalilova / Last week (30 April - 4 May) 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 at 0.86438 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 30 April (AZN 0,8647 to 1 US dollar), the minimum on 4 May (0.8640 to US dollar)

Official rate of AZN in regard to USD
23 April 0,8652 30 April 0,8647
24 April 0,8652 1 May 0,8645
25 April 0,8652 2 May 0,8645
26 April 0,8651 3 May 0,8642
27 April 0,8650 4 May 0,8640
Weekly Average 0,86514 Weekly Average 0,86438

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 0,0008 point or 0.08%. The average rate was fixed at 0.86394 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on 1 and 2 May (AZN 0,8645 to US $1), the minimum 4 May (AZN 0,8632 to US $1).

Deals concluded last week at BEST with transition to currency (T+0) comprised $1.2mln with an average sustained exchange rate of 0,8640 AZN/USD on 30 April, $0,02mln with an average sustained rate of 0,8645 AZN/USD on 1 May, no deal was concluded, while the average sustained rate was 0,8645 AZN/USD on 2 May, $0.05mln with an average sustained rate of 0,8635 AZN/USD on 3 May and $2,725mln with an average sustained rate of 0,8632 AZN/USD on 4 May.

Official rate of AZN in regard to USD
23 April 0,8652 30 April 0,8647
24 April 0,8652 1 May 0,8645
25 April 0,8652 2 May 0,8645
26 April 0,8651 3 May 0,8642
27 April 0,8650 4 May 0,8640
Weekly Average 0,86514 Weekly Average 0,86438
Exchange rate of AZN in regard to USD
23 April 0,8652 30 April 0,8640
24 April 0,8652 1 May 0,8645
25 April 0,8652 2 May 0,8645
26 April 0,8649 3 May 0,8635
27 April 0,8643 4 May 0,8632
Weekly Average 0,86496 Weekly Average 0,86394

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 AZN 13 against AZN 12 last week.

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