Bank Of Baku

Azerbaijan on-floor currency market quadruples last week

Azerbaijan on-floor currency market quadruples last week
# 10 March 2009 14:53 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The on-floor currency market turnover totaled $74.561 million from March 2 through March 6, up 3.7 times on a weak earlier. Daily turnover was as follows:


The exchange rate of the US dollar dropped 0.02% to 0.8050 AZN/USD over the week.
The official rate of the US dollar fell by 0.05%, “we buy” rate decreased by 0.1% while “we sell” rate dropped by 0.01%:



As shown in the table, the US dollar exchange rate remained steady while the euro fluctuated over the week.


The euro dropped to parity with the manat after the trends in the world markets.
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