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) remained unchanged. The average rate was established at 0.7850 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), remained unchanged. The average rate was set at 0.7841 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Oct.22- $0.721 million with exchange rate of 0.7841 AZN/USD, Oct.23 - $1.875 million with exchange rate of 0.7841 AZN/USD, Oct.24 - $0.888 million with exchange rate of 0.7841 AZN/USD, Oct.25-26 - no deals were concluded due to days-off.

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