News Column

Weekly review of Azerbaijani currency market

February 15, 2014



Baku, Azerbaijan, Feb.15

By Emin Aliyev - Trend:

Last week the official rate of the manat to the U.S. dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0.0001 points (0.01 percent). The average rate was established at 0.78436 manat to 1 U.S. dollar.



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



Feb.3



0.7843



Feb.10



0.7843



Feb.4



0.7843



Feb.11



0.7843



Feb.5



0.7843



Feb.12



0.7844



Feb.6



0.7843



Feb.13



0.7844



Feb.7



0.7843



Feb.14



0.7844



Average weekly



0.7843



Average weekly



0.78436



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 comprised: Feb.11 - $4.388 million, Feb.13 - $0.65 million. No deals were concluded on Feb.10, Feb.12 and Feb.14.



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



Feb.3



0.7830



Feb.10



0.7830



Feb.4



0.7830



Feb.11



0.7830



Feb.5



0.7830



Feb.12



0.7830



Feb.6



0.7830



Feb.13



0.7830



Feb.7



0.7830



Feb.14



0.7830



Average weekly



0.7830



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.

Translated by L.Z.

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Source: Trend News Agency (Azerbaijan)


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