TODAY.AZ / Business

Weekly review of Azerbaijani currency market

15 July 2013 [14:07] - TODAY.AZ

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0.0001 points (0.01 percent). The average rate was established at 0.78442 manat to 1 U.S. dollar.

Official rate of manat to 1 U.S. dollar:

July 1

0,7845

July 8

0,7844

July 2

0,7845

July 9

0,7844

July 3

0,7844

July 10

0,7844

July 4

0,7844

July 11

0,7844

July 5

0,7844

July 12

0,7845

Average weekly

0,78444

Average weekly

0,78442

As a result of last week's exchange, the stock exchange price of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) cheapened by 0.0001 points (0.01 percent). The average rate was set at 0.78342 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: July 8 and July 10 - $2 million with the exchange rate of 0.7834 AZN/USD, July 11 - $1 million with the exchange rate of 0.7834 AZN/USD, July 12 - $2 million with the exchange rate of 0.7835 AZN/USD, July 9 - no deals were concluded, therefore the exchange rate remained at 0.7834 AZN/USD.

Exchange rate of manat to 1 U.S. dollar::

July 1

0,7831

July 8

0,7834

July 2

0,7835

July 9

0,7834

July 3

0,7833

July 10

0,7834

July 4

0,7833

July 11

0,7834

July 5

0,7833

July 12

0,7833

Average weekly

0,7833

Average weekly

0,78342

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. No appeals were made on RUB/AZN and EUR/AZN.

The official exchange rate is 0,7845 AZN/USD on July 15.


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