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Azerbaijan on-floor currency market dropped 33% last week

Azerbaijan on-floor currency market dropped 33% last week

19 January 2009 09:16 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. The on-floor currency market turnover totaled $5.96 million from Jan. 12 to Jan. 16, down 33% on a weak earlier. Daily turnover was as follows:

The exchange rate of the US dollar changed in the range of 0.8020-0.8032 AZN/USD over the week and the dollar rose 0.15% against the manat.
The official rate of the US dollar rose by 0.16%, â€œwe buyâ€ rate increased by 0.1% while â€œwe sellâ€ rate increased by 0.01%:

With a slight strengthening of the US dollar, the USD/AZN exchange rate remained relatively steady last week. At the same time, the turnover was smaller last week.
Meanwhile, the euro dropped against the manat because the USD/AZN and EUR/AZN moves are usually disproportionate:

The 16-nation currency fell 1.16% against the manat.

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