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Weekly review of Azerbaijani currency market

Economy Materials 5 March 2016 18:39 (UTC +04:00)
The official exchange rate of Azerbaijani manats to the US dollar set by Azerbaijani Central Bank (CBA) dropped by 0.0364 manats (2.3 percent). Accordingly, the average rate was set at 1.57936 manats to 1 US dollar
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, March 5

By Azad Hasanli - Trend:

The official exchange rate of Azerbaijani manats to the US dollar set by Azerbaijani Central Bank (CBA) dropped by 0.0364 manats (2.3 percent). Accordingly, the average rate was set at 1.57936 manats to 1 US dollar.

Official exchange rate of manats to US dollar

Feb. 22

1,5604

Feb.29

1,5655

Feb. 23

1,5612

March 1

1,5687

Feb.24

1,5593

March 2

1,5764

Feb.25

1,5624

March 3

1,5843

Feb.26

1,5624

March 4

1,6019

Average weekly

1,56114

Average weekly

1,57936

During the week, the official exchange rate of manats to euro set by the CBA dropped by 0.0418 manats (2.4 percent). Accordingly, the average rate was set at 1.72092 manats to 1 euro.

Official exchange rate of manats to euro

Feb.22

1,7336

Feb.29

1,7118

Feb.23

1,7240

March 1

1,7071

Feb.24

1,7179

March 2

1,7117

Feb.25

1,7236

March 3

1,7204

Feb.26

1,7282

March 4

1,7536

Average weekly

1,72546

Average weekly

1,72092

The official exchange rate of Azerbaijani manats to the Russian ruble set by Azerbaijani Central Bank dropped by 0.0013 manats (6.3 percent). Accordingly, the average rate was set at 0.02132 manats to 1 Russian ruble.

Official exchange rate of manats to Russian ruble

Feb. 22

0,0203

Feb.29

0,0206

Feb.23

0,0208

March 1

0,0209

Feb.24

0,0204

March 2

0,0215

Feb.25

0,0205

March 3

0,0217

Feb.26

0,0207

March 4

0,0219

Average weekly

0,02054

Average weekly

0,02132

During the week, the official exchange rate of manats to Turkish lira set by the CBA dropped by 0.0251 manats (4.8 percent). Accordingly, the average rate was set at 0.5364 manats to 1 Turkish lira.

Official exchange rate of manats to Turkish lira

Feb. 22

0,5284

Feb. 29

0,5247

Feb. 23

0,5318

March 1

0,5297

Feb. 24

0,5295

March 2

0,5365

Feb. 25

0,5316

March 3

0,5413

Feb. 26

0,5339

March 4

0,5498

Average weekly

0,53104

Average weekly

0,5364

This week, the price on one ounce of gold increased by 83,7155 manats (4.4 percent).

Accordingly, the average price for gold reached 1954,30126 manats.

Change in the value of one ounce of gold:

Feb. 22

1921,0865

Feb.29

1919,06

Feb.23

1890,6132

March 1

1937,1876

Feb.24

1904,4511

March 2

1949.2186

Feb.25

1954,1718

March 3

1963.2646

Feb.26

1931,1264

March 4

2002.7755

Average weekly

1920,2898

Average weekly

1954,30126

The trading at Baku Interbank Currency Exchange (BBVB) has not been carried out since early 2015, so the exchange rate of manats is not formed.

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Follow the author on Twitter: @AzadHasanli

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