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 at the level of 0.7847 manat. The average rate was established at 0.7847 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), did not change. The average rate was set at 0.7838 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Dec.3- 1.67 million with exchange rate of 0.7838 AZN/USD, Dec.4 - $1 million with exchange rate of 0.7838 AZN/USD, Dec.5-$2.56 million with exchange rate of 0.7838 AZN/USD, Dec.6 - no deals were concluded, the exchange rate remained at 0.7838 AZN/USD and Dec.7 - $0.45 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/