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Dollar declined while euro rose on Azerbaijanâ€™s currency market last week

Dollar declined while euro rose on Azerbaijanâ€™s currency market last week

01 December 2008 09:42 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. The on-floor currency market turnover totaled $33.320 million from November 24 to 28, up 5.3 times on a weak earlier. Daily turnover was as follows:

The exchange rate of the US dollar changed in the range of 0.8085-0.8074 AZN/USD over the week and the dollar fell 0.14% against the manat.
The official rate of the US dollar decreased by 0.12%, â€œwe buyâ€ rate 0.14% and â€œwe sellâ€ rate by 0.13%:

As shown in the diagram, the US dollar moved down along last week. There was activeness in euro deals (â‚¬705 250) last week. However, the 15-nation currency went down remarkably.

The euro appreciation trend was 2% against the backdrop of the fact that the euro strengthened against the dollar on the world markets.

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