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 0.7848 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 percent). The average rate was set at 0.78388 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov.26- 5.988 million with exchange rate of 0.7840 AZN/USD, Nov.27 - $2.1 million with exchange rate of 0.7840 AZN/USD, Nov.28-$2.9 million with exchange rate of 0.7838 AZN/USD, Nov.29 -$26.79 million with exchange rate of 0.7838 AZN/USD and Nov.30 - $1.971 million with exchange rate of 0.7838 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.

/Trend/