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Weekly review of Azerbaijan's currency market

Business Materials 5 April 2010 10:52 (UTC +04:00)

Azerbaijan, Baku, Apr. 5 / Trend N.Ismayilova /  

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0002 points or 0.02 percent. The average rate was established at 0.80334 manat to 1 U.S. dollar.

Last week the maximum rate of the US dollar compared to manat was established March 31 (0. 8034 manat to 1 U.S. dollar) and minimum March 30  (0.80332 manats to 1 U.S. dollar).

Exchange rate of manat to 1 U.S. dollar

March 22

0,8033

March 29

0,8033

March 23

0,8033

March 30

0,8032

March 24

0,8033

March 31

0,8034

March 25

0,8033

Apr. 1

0,8034

March 26

0,8033

Apr. 2

0,8034

Average weekly

0,8033

Average weekly

0,80334

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),decreased by 0,0002  point or o.2 percent. The average rate was fixed at 0.80344 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: March 29, $0.05 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, March 30, $0,097 million with the average sustained rate of 0.8033 manats to 1 U.S. dollar, March 31, $10,508 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, Apr.1, no deals were concluded and the average rate was 0.8035 manats to 1 U.S. dollar, and Apr.2 $5.4 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

March 22

0,8034

March 29

0,8034

March 23

0,8034

March 30

0,8033

March 24

0,8034

March 31

0,8035

March 25

0,8034

Apr. 1

0,8035

March 26

0,8034

Apr. 2

0,8035

Average weekly

0,8034

Average weekly

0,80344

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.

Last week the price of the privatization vouchers stood at the same level, purchase was 8 manat, and sale - 9 manat.

Under the President Ilham Aliyev's decree on additional measures for ensuring the use of the state privatization vouchers, the validity period of the vouchers was prolonged until Jan. 1, 2011. This decision was taken due to the fact that about 80 percent of the check is derived from the circulation.

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