...

Weekly review of Azerbaijan's currency market

Business Materials 9 August 2010 11:11 (UTC +04:00)

Azerbaijan, Baku, August 9 / Trend, N.Ismayilova /

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, decreased by 0.0001 points or 0.01 percent. The average rate was established at 0. 80338 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established Aug. 4 (0.8033 manat to 1 U.S. dollar) and other days of the week was 0.8034 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

July 26

0,8036

August 2

0,8034

July 27

0,8036

August 3

0,8034

July 28

0,8036

August 4

0,8033

July 29

0,8036

August 5

0,8034

July 30

0,8036

August 6

0,8034

Average weekly

0,8036

Average weekly

0,80338

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 0.0011 points or 0.11 percent. The average rate was fixed at 0.80306 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: Aug.2 28 - $2.635 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, Aug. 3 and 4 deals were not concluded and the rate remained at the level 0.8035 manats to 1 U.S. dollar, Aug.5 - $4.1 million with the average sustained rate of 0.8024 manats to 1 U.S. dollar, Aug.6 - deals were not concluded and the rate remained at the level 0.8024 manats to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

July 26

0,8037

August 2

0,8035

July 27

0,8037

August 3

0,8035

July 28

0,8037

August 4

0,8035

July 29

0,8037

August 5

0,8024

July 30

0,8021

August 6

0,8024

Average weekly

0,80338

Average weekly

0,80306

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 decreased and purchase was 5 manat, and sale - 6 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.

Latest

Latest