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Weekly review of Azerbaijani currency market

Business Materials 4 August 2012 13:35 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), remained unchanged. The average rate was established at 0.78552 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Aug 4 / Trend I.Khalilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), remained unchanged. The average rate was established at 0.78552 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar:

July 23

0,7857

July 30

0,7856

July 24

0,7856

July 31

0,7855

July 25

0,7856

Aug.1

0,7855

July 26

0,7856

Aug.2

0,7855

July27

0,7856

Aug.3

0,7855

Average weekly

0,78562

Average weekly

0,78552

As a result of last week's exchange, the rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), consolidated by 0.0001 points (0.01 percent). The average rate was set at 0.78482 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 30 - August 2 - no deals were concluded, 6but the course was formed since July 31 at 0.7848 AZN/USD, August 3 - $0.26 million with exchange rate of 0.7848 AZN/USD.

Exchange rate of manat to 1 U.S. dollar:

July23

0,7850

July 30

0,7849

July24

0,7849

July 31

0,7848

July25

0,7849

Aug.1

0,7848

July26

0,7849

Aug.2

0,7848

July 27

0,7849

Aug.3

0,7848

Average weekly

0,78492

Average weekly

0,78482

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. On appeals on RUB/AZN and EUR/AZN, appeals were not made.

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