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Weekly review of Azerbaijani currency market

Business Materials 3 August 2013 12:20 (UTC +04:00)

Azerbaijan, Baku, August 3 /Trend A. Akhundov /

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0.0002 points (0.03 percent). The average rate was established at 0.78446 manat to 1 U.S. dollar.

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

July 29

0,7843

July 22

0,7844

July 30

0,7845

July 23

0,7844

July 31

0,7845

July 24

0,7843

Aug. 1

0,7845

July 25

0,7843

Aug. 2

0,7845

July 26

0,7843

Average weekly

0,78446

Average weekly

0,78434

As a result of last week's exchange, the stock exchange price of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) remained unchanged. The average rate was set at 0.7835 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 29 - $3.7 million, July 30 - $7.668 million, July 31 - $0.25 million, August 2 - $0.91 million. No deals were concluded on August 1.

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

July 29

0,7835

July 22

0,7835

July 30

0,7835

July 23

0,7835

July 31

0,7835

July 24

0,7835

Aug. 1

0,7835

July 25

0,7835

Aug. 2

0,7835

July 26

0,7835

Average weekly

0,7835

Average weekly

0,7835

No deal was concluded with USD/AZN T+1 and T+2 due to lack of appeals made by dealers. On appeals on RUB/AZN and EUR/AZN, appeals were not made.

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