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), didn't change and remained at 0.7863 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 0.0003 percentage points (0.03 per cent). Average rate was set at 0.78532 manat to 1 U.S. dollar last week.


Deals concluded last week at BEST with transition to currency (T+0) comprised: on Feb.6 - $1.158 million with exchange rate of 0.7852 AZN/USD, Feb.7- $2.431 million with exchange rate of 0.7852 AZN/USD, Feb.8 - no deals were concluded, therefore, the exchange rate remained at 0.7852 AZN/USD, Feb.9 - $8.551 million with exchange rate of 0.7855 AZN/USD, Feb.10 - $0.698 million with exchange rate of 0.7855 AZN/USD.