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Weekly review of Azerbaijani currency market

Business Materials 20 August 2011 14:15 (UTC +04:00)

Azerbaijan, Baku, Aug. 20 / Trend N. Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), consolidated by 0.0003 points (0.03 percent). The average rate was established at 0.78646 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar

Aug.8

0.7866

Aug.15

0.7866

Aug.9

0.7866

Aug.16

0.786 5

Aug.10

0.7865

Aug.17

0.7865

Aug.11

0.7866

Aug.18

0.786 4

Aug.12

0.7866

Aug.19

0.786 3

Average weekly

0.78658

Average weekly

0.78646

As a result of last week's exchange, the rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), consolidated by 0.0004 points (0.04 percent). The average rate was established at 0.78644 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Aug. 15 $2.223 million with exchange rate of 0.7866 AZN/USD, Aug.16 - no deals concluded, the exchange rate kept at 0.7866 AZN/USD, Aug. 17 - $3.917 million with exchange rate of 0.7866 AZN/USD, Aug. 18 - $2 million with the exchange rate of 0.7866 AZN/USD, Aug. 19 - $1.436 million with exchange rate of 0.7862 AZN/USD .

Exchange rate of manat to 1 U.S. dollar:

Aug.8

0,7866

Aug.15

0,7866

Aug.9

0,7866

Aug.16

0,7866

Aug.10

0,7866

Aug.17

0,7866

Aug.11

0,7866

Aug.18

0,7862

Aug.12

0,7866

Aug.19

0,7862

Average weekly

0,7866

Average weekly

0,78644

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN.

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