News Column

Weekly review of Azerbaijani currency market

August 22, 2014



Baku, Azerbaijan, Aug. 23

By Zulfiyya Kurbanova - Trend:

The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) cheapened by 0.0002 points (0.02 percent). The average rate was established at 0.78424 AZN to 1 U.S. dollar.



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



August 11



0,7843



August 18



0,7842



August 12



0,7843



August 19



0,7842



August 13



0,7843



August 20



0,7842



August 14



0,7843



August 21



0,7842



August 15



0,7842



August 22



0,7844



Average weekly



0,78428



Average weekly



0,78424



As a result of last week's exchange, the stock exchange price of the Azerbaijani AZN 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: August 19 - $4, 563 million. No deals were concluded on August 18,20,21 and 22.



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



August 11



0,7829



August 18



0,7829



August 12



0,7829



August 19



0,7829



August 13



0,7829



August 20



0,7829



August 14



0,7829



August 21



0,7829



August 15



0,7829



August 22



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.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Trend News Agency (Azerbaijan)


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