Dynamics of changes in some economic segments
Last week (April 9-13) began with fall in quotations at the oil futures market. As a result of trading sessions on April 9, May futures for Light Sweet at the NYMEX dropped $2.77 to $61.51 per barrel. May futures for Brent at ICE Futures London fell $1.65 to $66.59 per barrel. Fall in oil futures actually impacted on "unwinding" of premiums for risk
Rise in reserves at oil reserves of Kashing was a result of two circumstances. First, oil deliveries to Kashing from west Canada increased. Another important factor was the forecasts on tornadoes in Mexico gulf in 2007.
The most influential stimuli for rise in oil prices is the situation at US petrol market
Last week (9-13 April) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, grew by 0,0005 point or 0.05%. The average rate was established as 0.86574 to 1 US dollar. Last week the maximum rate of US dollar against the manat was established on 9 April (0,8660 manats to 1 US dollar), the minimum on 13 April (0.8655 to US dollar) 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 0,0005 point or 0.05%. The average rate was fixed at 0.86574 to 1 US dollar
Last week the maximum rate of US dollar against the manat was established on 9 April (AZN 0,8660 per US $1), the minimum 9 April (AZN 0,8655 per US $1).
Deals concluded last week at BEST with transition to currency (T+0) comprised $5.8mln with an average sustained exchange rate of 0,8660 AZN/USD on 9 April, $12,049mln with an average sustained rate of 0,8658 AZN/USD on 10 April, $8,175mln with an average sustained rate of 0,8657 AZN/USD on 11 April, $5.5mln with an average sustained rate of 0,8657 AZN/USD on 12 April and $4,571mln with an average sustained rate of 0,8655 AZN/USD on 13 April. 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. Only one deal was concluded on RUB/AZN T+1 on 9 April in the amount of AZN 3,039. the average sustained weight rate AZN 0,0334 manats per 1 RUB.
Privatization Shares Market Privatization Shares Market
During this period the price of vouchers was stable and comprised of 14 manats.