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), consolidated by 0.0002 points (0.02 percent). The average rate was established at 0.7860 manat to 1 U.S. dollar.

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 0.0002 points (0.02). Last week, the average rate was set at 0.7855 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Apr.9 - no deal was signed, therefore exchange rate remained unchanged at 0.7857 AZN/USD, Apr.10 - $2.229 million with exchange rate of 0.7857 AZN/USD, April 11 - $0.5 million with exchange rate of 0.7855 AZN/USD, April 12 - no deal was signed, therefore exchange rate remained unchanged at 0.7855 AZN/USD and April 13- $0.369 million with exchange rate of 0.7855 AZN/USD.

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

/Trend/