Weekly review of Azerbaijani currency market

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan (CBA), decreased by 0.0001 point (0.01 percent). The average rate was established at 0.78636 manat to 1 U.S. dollar.

Official rate of the manta to $1:

Jan 2 0,7865  Jan 9 0,7864
Jan 3 0,7865  Jan 10 0,7863
Jan 4 0,7865  Jan 11 0,7863
Jan 5 0,7865  Jan 12 0,7864
Jan 6 0,7864  Jan 13 0,7864
An average weekly 0,78648 An average weekly 0,78636

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 0.0001 point. Last week average exchange rate of manat hit 0.7852 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: from Jan 9 - no deals were concluded, therefore, the exchange rate remained unchanged at 0.7857 AZN/USD, Jan 10 - $0.5 million with the exchange rate of 0.7857 AZN/USD, Jan 11 and Jan 12 - no deals were concluded, therefore, the exchange rate remained unchanged at 0.7857 AZN/USD, Jan 13 -$22.99 million with exchange rate 0.7858 AZN/USD

Exchange rate of manat to $1

Jan 2 0,7857  Jan 9 0,7857
Jan 3 0,7857  Jan 10 0,7857
Jan 4 0,7857  Jan 11 0,7857
Jan 5 0,7857  Jan 12 0,7857
Jan 6 0,7857  Jan 13 0,7858
Average weekly 0,7857 Average weekly 0,78572

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



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