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Weekly Review of Azerbaijani Currency Market

Business Materials 25 June 2007 18:53 (UTC +04:00)
Weekly Review of Azerbaijani Currency  Market

Azerbaijan, Baku /corr Trend I.Khalilova / Last week (18th to 22nd of June) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan grew by 0.0002 points or 0.02%. The average rate was established at 0.85622 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 18th and 19th of June (0.8563 manats to 1 US dollar), the minimum on 22nd June (0.8561 to 1 US dollar).

Official rate of AZN in regard to USD
11 June 0,8565 18 June 0,8563
12 June 0,8565 19 June 0,8563
13 June 0,8564 20 June 0,8562
14 June 0,8564 21 June 0,8562
15 June 0,8564 22 June 0,8561
Average weekly 0,85644 Average weekly 0,85622

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 0.0004 points or 0.04%. The average rate was fixed at 0.85448 to 1 US dollar

Last week the maximum rate of the US dollar against the manat was established on the 18th of June (AZN 0.8548 to 1 US dollar), the minimum on the 21st of June (AZN 0.85421 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $8.160mln with an average sustained exchange rate of 0.8548 AZN/USD on the 18th of June, $11,768mln with an average sustained rate of 0.8545 AZN/USD on the 19th of June, $7,976mln with an average sustained rate of 0.8545 AZN/USD on the 20th of June, $8.784mln with an average sustained rate of 0.8542 AZN/USD on the 21st of June and $5,342mln with the rate of 0,8544 AZN/USD on the 22nd of June.

Official rate of AZN in regard to USD
11 June 0,8565 18 June 0,8563
12 June 0,8565 19 June 0,8563
13 June 0,8564 20 June 0,8562
14 June 0,8564 21 June 0,8562
15 June 0,8564 22 June 0,8561
Average weekly 0,85644 Average weekly 0,85622
Exchange rate of AZN in regard to USD
11 June 0,8551 18 June 0,8548
12 June 0,8551 19 June 0,8545
13 June 0,8551 20 June 0,8545
14 June 0,8549 21 June 0,8542
15 June - 22 June 0,8544
Average weekly 0,85505 Average weekly 0,85448

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an 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 remained unchanged - AZN 10. The efficacy of privatization check expires on the 1st of January 2008.

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