Bank Of Baku

Euro exchange rate fell to parity with Azerbaijani manat last week

Euro exchange rate fell to parity with Azerbaijani manat last week
# 17 November 2008 14:21 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The on-floor currency market turnover totaled $17.570 from November 10 to 14, down 15% on a weak earlier. Daily turnover was as follows:


The exchange rate of the US dollar changed in the range of 0.8077-0.8091 AZN/USD over the week and the dollar rose 0.17%.
The official rate of the US dollar decreased by 0.21%, “we buy” rate 0.14% and “we sell” rate by 0.15%:


As seen, the margin between all rates was 0.5%.
Such a narrow margin is the indicator of lack of serious speculation.
However, euro showed relative fluctuations:


The most important point is that the 15-nation currency almost dropped to parity with Azerbaijani manat.
However, it is not to observe the currency market exchange rate as no deal was concluded.
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED