TODAY.AZ / Business

Weekly review of Azerbaijani currency market

21 December 2013 [12:00] - TODAY.AZ

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) increased by 0.0001 points (or by 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:

December 9

0.7843

December 16

0.7844

December 10

0.7843

December 17

0.7844

December 11

0.7843

December 18

0.7844

December 12

0.7843

December 19

0.7844

December 13

0.7844

December 20

0.7845

Average weekly

0.78432

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) remained unchanged. The average rate was set at 0.7835 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: December 16 - $ 0.96 million, December 17,18,19 and 20- no deals were concluded.

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

December 9

0.7835

December 16

0.7835

December 10

0.7835

December 17

0.7835

December 11

0.7835

December 18

0.7835

December 12

0.7835

December 19

0.7835

December 13

0.7835

December 20

0.7835

Average weekly

0.7835

Average weekly

0.7835

No deal was concluded with USD/AZN T+1 and T+2 due to lack of appeals made by dealers. Appeals on EUR/AZN and RUB/AZN were not made by banks in BEST.


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