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Weekly review of Azerbaijani currency market

Business Materials 14 March 2015 13:34 (UTC +04:00)
The official exchange rate of Azerbaijani manat to the US dollar set by the Azerbaijani Central Bank (CBA) strengthened by 0.0001 manats (0.01 percent) last week.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, March 14

By Azad Hasanli - Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by the Azerbaijani Central Bank (CBA) strengthened by 0.0001 manats (0.01 percent) last week. Accordingly, the average exchange rate was set at 1.04902 manats to 1 US dollar.

Official exchange rate of manat to US dollar:

Mar.2

1.0496

Mar.9

1.0490

Mar.3

1.0496

Mar.10

1.0491

Mar.4

1.0493

Mar.11

1.0492

Mar.5

1.0494

Mar.12

1.0489

Mar.6

1.0490

Mar.13

1.0489

Average weekly

1.04938

Average weekly

1.04902

During the week, the official exchange rate of manat to euro, set by the CBA strengthened by 0.0443 manats (3.98 percent).

Accordingly, the average weighted rate was set at 1.12494 manats to 1 euro.

Official exchange rate of manat to euro

Mar.2

1.1733

Mar.9

1.1566

Mar.3

1.1752

Mar.10

1.1327

Mar.4

1.1720

Mar.11

1.1208

Mar.5

1.1607

Mar.12

1.1023

Mar.6

1.1566

Mar.13

1.1123

Average weekly

1.16756

Average weekly

1.12494

Last week, the price for one ounce of gold dropped by 52.303 manats (4.3 percent). Accordingly, the average weighted price for gold amounted to 1224.15436 manats.

Change in the value of one ounce of gold:

Mar.2

1274.2144

Mar.9

1260.898

Mar.3

1272.64

Mar.10

1225.8734

Mar.4

1272.5386

Mar.11

1219.1704

Mar.5

1258.7553

Mar.12

1206.2350

Mar.6

1260.898

Mar.13

1208.5950

Average weekly

1267.80926

Average weekly

1224.15436

Trading at Baku Interbank Currency Exchange (BBVB) has not been carried out since the beginning of the year, so the exchange rate of manat is not formed.

Edited by SI

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Follow the author on Twitter: @AzadHasanli

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