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Weekly review of Azerbaijani Currency Market

Analysis Materials 5 March 2007 11:13 (UTC +04:00)

Azerbaijan, Baku / Trend , corr I. Khalilova / Last week (February 26th to 2nd March) the official rate of the manat against US dollar, set by the National Bank of Azerbaijan grew by 0,0005 point or 0.05%. The average rate was established as 0.86886 to 1 US dollar, Trend reports.

Last week the maximum rate of US dollar against manat was established on February 26th (0,8691 manats to 1 US dollar), minimum - on March 2nd (0.8696 to US dollar)

Official rate of AZN in regard to USD
19 February 0,8694 26 February 0,8691
20 February 0,8694 27 February 0,8690
21 February 0,8694 28 February 0,8688
22 February 0,8692 1 March 0,8688
23 February 0,8692 2 March 0,8686
Weekly Average 0,86932 Weekly Average 0,86886

As a result of last week's exchange rate of Azerbaijani manat against US dollar, established on the basis of results of the Baku Interbank Currency Exchange (BICEX), increased by 0,0006 point or 0.06%. The average rate was fixed at 0.86884 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on February 26th (0,8691 manats to 1 US dollar), minimum - March 2nd (0.8685 manats to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $5,314mln with an average sustained exchange rate of 0,8691 AZN/USD on February 26th, $1,120mln with an average sustained rate of 0,8690 AZN/USD on February 27th, $1,530mln with an average sustained rate of 0,8688 AZN/USD on February 28th, $2,630mln with an average sustained rate of 0,8688 AZN/USD on March 1st and $4.9mln with an average sustained rate of 0,8685 AZN/USD on March 2nd. .

Official rate of AZN in regard to USD
19 February 0,8694 26 February 0,8691
20 February 0,8694 27 February 0,8690
21 February 0,8694 28 February 0,8688
22 February 0,8692 1 March 0,8688
23 February 0,8692 2 March 0,8686
Weekly Average 0,86932 Weekly Average 0,86886
Exchange rate of AZN in regard to USD
19 February 0,8694 26 February 0,8691
20 February 0,8694 27 February 0,8690
21 February 0,8694 28 February 0,8688
22 February 0,8692 1 March 0,8688
23 February 0,8692 2 March 0,8685
Weekly Average 0,86932 Weekly Average 0,86884

No deal was concluded with Russian ruble and euros last week due to absence of appeals.

In this period the price of vouchers remained unchanged - 15.5 manats.

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