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Weekly review of Azerbaijani currency market

Business Materials 11 February 2012 10:37 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), didn’t change and remained at 0.7863 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Feb. 11 / Trend N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), didn't change and remained at 0.7863 manat to 1 U.S. dollar.

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

Jan.30

0.7863

Feb. 6

0.7863

Jan. 31

0.7864

Feb. 7

0.7863

Feb. 1

0.7863

Feb. 8

0.7863

Feb. 2

0.7863

Feb. 9

0.7863

Feb. 3

0.7863

Feb. 10

0.7863

Average weekly

0 .78632

Average weekly

0 .7863

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), decreased by 0.0003 percentage points (0.03 per cent). Average rate was set at 0.78532 manat to 1 U.S. dollar last week.

Deals concluded last week at BEST with transition to currency (T+0) comprised: on Feb.6 - $1.158 million with exchange rate of 0.7852 AZN/USD, Feb.7- $2.431 million with exchange rate of 0.7852 AZN/USD, Feb.8 - no deals were concluded, therefore, the exchange rate remained at 0.7852 AZN/USD, Feb.9 - $8.551 million with exchange rate of 0.7855 AZN/USD, Feb.10 - $0.698 million with exchange rate of 0.7855 AZN/USD.

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

Jan.30

0.7855

Feb. 6

0.7852

Jan. 31

0.7855

Feb. 7

0.7852

Feb. 1

0.7855

Feb. 8

0.7852

Feb. 2

0.7855

Feb. 9

0.7855

Feb. 3

0.7852

Feb. 10

0.7855

Average weekly

0 .78544

Average weekly

0 .78532

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers.

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