...

Weekly review of Azerbaijan's currency market

Business Materials 23 November 2009 11:12 (UTC +04:00)

Azerbaijan, Baku, Nov. 21 / Trend N.Ismayilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0001 points or 0.01 percent. The average rate was established at 0. 0. 80278 manats to 1 U.S. dollar.

Last week the maximum rate of the US dollar compared to manat was established on Nov.18 (0. 8029 manats to 1 U.S. dollar) and minimum on Nov. 20-21 (0.8027 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

Nov. 9

0.8030

Nov. 16

0.8028

Nov. 10

0.8029

Nov. 17

0.8028

Nov. 11

0.8029

Nov. 18

0.8029

Nov. 12

0.8029

Nov. 19

0.8027

Nov. 13

0.8030

Nov. 20

0.8027

Average weekly

0.80294

Average weekly

0.80278

As a result of last week's exchange rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), consolidated by 0.0005 points (0.052 percent). The average rate was fixed at 0. 80292 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov. 16- no deals were concluded, so the average sustained rate of 0. 8031 manats to 1 U.S. dollar, Nov.17 $4.218 million with the average sustained rate of 0. 8029 manats to 1 U.S. dollar, and Nov.18, $3,699 million with the average sustained rate of 0. 8030 manats to 1 U.S. dollar, onNov.19, $10.21 million with the average sustained rate of 0. 8030 manats to 1 U.S. dollar, and on Nov. 20, $0.075 million with the average sustained rate of 0. 8026 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Nov. 9

0.8031

Nov. 16

0.8031

Nov. 10

0.8031

Nov. 17

0.8029

Nov. 11

0.8031

Nov. 18

0.8030

Nov. 12

0.8031

Nov. 19

0.8030

Nov. 13

0.8031

Nov. 20

0.8026

Average weekly

0.8031

Average weekly

0.80292

No deal was concluded with USD/AZN T+1, and T+2 due to an absence of appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN (Ň+1, Ň+2) and BEST.

Last week the price of the privatization vouchers remained the same, purchase was 8 manats, and sale - 9 manats.

The validity period of the vouchers will expire on Jan. 1 2010. So far, around 75 percent of vouchers has been derived, and another extension of their validity period remains uncertain.

Do you have any feedback? Contact our journalist at: [email protected]

Latest

Latest