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 points (0.01 percent). The average rate was established at 0.78484 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), decreased by 0. 0001 points (0.01 percent). The average rate was set at 0.78392 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov.19- 1.521 million with exchange rate of 0.7839 AZN/USD, Nov.20 - $3 million with exchange rate of 0.7839 AZN/USD, Nov.21-$0.52 million with exchange rate of 0.7839 AZN/USD Nov.22 - no deals were concluded, the exchange rate remained at 0.7839 AZN/USD and Nov.23 - $6.052 million with exchange rate of 0.7840 AZN/USD

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.