News Column

Weekly review of Azerbaijani currency market

July 4, 2014



Baku, Azerbaijan, July 5

By Zulfiyya Gurbanova - 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 0.78438 AZN to 1 U.S. dollar.



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



June 23



0,7843



June 30



0,7843



June 24



0,7843



July 1



0,7844



June 25



0,7843



July 2



0,7844



June 26



-



July 3



0,7844



June 27



0,7843



July 4



0,7844



Average weekly



0,7843



Average weekly



0,78438



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 0.7829 AZN to 1 U.S. dollar.



Deals concluded last week at BEST comprised: June 30 - $5.553 million. No deals were concluded on July 1, July 2, July 3 and July 4.



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



June 23



0,7829



June 30



0,7829



June 24



0,7829



July 1



0,7829



June 25



0,7829



July 2



0,7829



June 26



-



July 3



0,7829



June 27



0,7829



July 4



0,7829



Average weekly



0,7829



Average weekly



0,7829



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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Source: Trend News Agency (Azerbaijan)


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