Dynamics of changes in some economic segments

Oil Market

On 9 April the Futures deals on Light Sweet and Brent were characterized with drop in quotations. Since the beginning of trading sessions the prices fell approximately 0.5%, while prices of deals were maintained in a narrow diapason. Light Sweet futures are traded at prices lower than $64 per barrel and Brent quotations were at the point of $68 per barrel.

Though prices fell due to continuing fixation of profits, minimal price of deals still exceed similar price indices for the previous trading day (5 April).

Following the threats of violations in the oil deliveries from the Persian Gulf oil futures prices beat the record of the last 7 months. The maintenance of the prices on the high level is linked with further cut in US oil products reserves, first of all for petrol.

Currency market

Last week (2-6 April) the official rate of the manat against US dollar, set by the National Bank of Azerbaijan grew by 0,0007 point or 0.07%. The average rate was established as 0.86654 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 2 April (0,8669 manats to 1 US dollar), minimum - on 6 April (0.8662 to US dollar)

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 0,0009 point or 0.09%. The average rate was fixed at 0.8662 to 1 US dollar

Last week the maximum rate of US dollar against the manat was established on 2 April (AZN 0,8667 per US $1), minimum - 5 and 6 April (AZN 0,8658 per US $1).

Deals concluded last week at BEST with transition to currency (T+0) comprised $6,213mln with an average sustained exchange rate of 0,8667 AZN/USD on 2 April, $7,280mln with an average sustained rate of 0,8665 AZN/USD on 3 April, $4,215mln with an average sustained rate of 0,8662 AZN/USD on 4 April, $5,150mln with an average sustained rate of 0,8665 AZN/USD on 5 April and $3,980mln with an average sustained rate of 0,8658 AZN/USD on 6 April. USD/A 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.

Privatization shares market

In this period the price of vouchers was stable and comprised 15, though at the end of the week dropped to 15 manats.

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