Weekly review of Azerbaijani currency market

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Last week the official rate of the manat to the US dollar, set by the Azerbaijani Central Bank (CBA) increased by 0.0001 points (0.01 percent). The average rate was established at 0.78482 manat to 1 U.S. dollar.
Exchange rate of manat to 1 U.S. dollar:
Feb.18
0,7847
Feb.25
0,7847
Feb.19
0,7847
Feb.26
0,7849
Feb.20
0,7848
Feb.27
0,7849
Feb.21
0,7847
Feb.28
0,7848
Feb.22
0,7847
March 1
0,7848
Average weekly
0,78472
Average weekly
0,78482
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), decreased by 0.0002 points (0.02 percent). The average rate was set at 0.78368 manat to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: Feb.25 – $3.38 million with exchange rate of 0.7835 AZN/USD, Feb.26 – $3.925 million with exchange rate of 0.7838 AZN/USD, Feb.27 – $1.5 million with exchange rate of 0.7837 AZN/USD, Feb.28 – $2.274 million with exchange rate of 0.7837 AZN/USD, March 1 – $0.834 million with exchange rate of 0.7837 AZN/USD
Exchange rate of manat to 1 U.S. dollar:
Feb.18
0,7837
Feb.25
0,7835
Feb.19
0,7837
Feb.26
0,7838
Feb.20
0,7837
Feb.27
0,7837
Feb.21
0,7837
Feb.28
0,7837
Feb.22
0,7837
March 1
0,7837
Average weekly
0,7837
Average weekly
0,78368
No deal was concluded with USD/AZN T+2 due to few appeals made by dealers.
Deals worth $26 million with USD/AZN T+1 at the exchange rate of 0.7843 AZN/USD were conducted on March 1.
On appeals on RUB/AZN and EUR/AZN, appeals were not made.