TODAY.AZ / Business

Weekly review of Azerbaijani currency market

10 February 2014 [10:55] - TODAY.AZ

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) appreciated by 0.0001 points. The average rate was established at 0.78426 manat to 1 U.S. dollar.

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

Jan. 27

0,7843

Feb. 3

0,7843

Jan. 28

0,7843

Feb.4

0,7843

Jan. 29

0,7843

Feb.5

0,7843

Jan. 30

0,7842

Feb.6

0,7843

Jan. 31

0,7842

Feb.7

0,7843

Average weekly

0,78426

Average weekly

0,7843

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 0.7830 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Feb. 3 - $ 0.584 million, Feb. 5- $ 5.048 million, Feb. 7- $ 1.368 million, Feb. 4 and Feb. 6 - no deals were concluded.

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

Jan. 27

0,7835

Feb. 3

0,7830

Jan. 28

0,7835

Feb. 4

0,7830

Jan. 29

0,7835

Feb. 5

0,7830

Jan. 30

0,7835

Feb. 6

0,7830

Jan. 31

0,7830

Feb. 7

0,7830

Average weekly

0,7834

Average weekly

0,7830

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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