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Weekly Review of Azerbaijani Currency Market

Business Materials 12 September 2006 12:08 (UTC +04:00)

As a result of last week, the official rate of manat with regards to the US dollar, set by the National Bank of Azerbaijan grew 0,001 point or 0.1%. The average rate was established as 0.8804 manats per 1 US dollar, Trend reports.

Last week the maximum rate of the US dollar in respect to the manat was established on 4 and 5 September (0.8809 manats per 1 US dollar), minimum 8 September (0.8799 manats per US dollar).

Official rate of AZN in regard to USD

28 August

0,8830

4 September

0,8809

29 August

0,8825

5 September

0,8809

30 August

0,8819

6 September

0,8803

31 August

0,8815

7 September

0,8800

1 September

0,8813

8 September

0,8799

Average weekly

0,88204

Average weekly

0,8804


As a result of the last week exchange rates of the Azerbaijani manat with regards to the US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0009 point or 0.09%. Average rate was fixed as 0.87972 manats per US dollar.

Last week the maximum rate of the US dollar in respect to the manat was established on 5 September (0.8804 manats per 1 US dollar), minimum 7 September (0.8790 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $1m with average sustained exchange rate of 0.8803 AZN/USD on 4 September, $0,550m with average sustained rate of 0.8804 AZN/USD on 5 September, $0.746m with average sustained rate of 0.8795 AZN/USD on 6 September, $46,459m with average sustained rate of 0.8790 AZN/USD on 7 September and $1,150m with average sustained rate of 0,8794 AZN/USD on 8 September.

Exchange rate of AZN in regard to USD

28 August

0,8825

4 September

0,8803

29 August

0,8816

5 September

0,8804

30 August

0,8815

6 September

0,8795

31 August

0,8809

7 September

0,8790

1 September

0,8802

8 September

0,8794

Average weekly

0,88134

Average weekly

0,87972


No deal was concluded with Russian ruble and Euros last week due to the absence of appeals.

During this period the prices of vouchers were stable and made up 85,000 old manats (17 AZN).

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