Weekly review of Azerbaijani currency market

Exchange rate of manat to 1 U.S. dollar:
Jan.9	0.7864	Jan.16	0.7864
Jan.10	0.7863	Jan.17	0.7864
Jan.11	0.7863	Jan.18	0.7862
Jan.12	0.7864	Jan.19	0.7862
Jan.13	0.7864	Jan.20	0.7862
Average weekly	0.78636	Average weekly	0.78628

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 0.0004 points (by 0.04 percent). Last week average exchange was 0.78552 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: on Jan.16 - no deals were concluded therefore, exchange rate remained unchanged at 0.7858 AZN/USD, Jan 17 - $11.693 million with exchange rate of 0.7856 AZN/USD, Jan.18 - $9.842 million with exchange rate of 0.7854 AZN/USD, Jan.19 - $0.495 million with exchange rate of 0.7854 AZN/USD and Jan.20 - no deals were concluded, therefore exchange rate remained unchanged at 0.7854 AZN/USD.

Exchange rate of manta to U.S. dollar:
Jan.9	0.7857	Jan.16	0.7858
Jan.10	0.7857	Jan.17	0.7856
Jan.11	0.7857	Jan.18	0.7854
Jan.12	0.7857	Jan.19	0.7854
Jan.13	0.7858	Jan.20	0.7854
Average weekly	0.78572	Average weekly	0.78552

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


/Trend/