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Weekly review of Azerbaijani currency market

Business Materials 23 May 2015 17:47 (UTC +04:00)
The official exchange rate of Azerbaijani manat to the US dollar set by the Azerbaijani Central Bank, reduced by 0.0014 manats (0.13 percent) last week.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, May 23

By Azad Hasanli - Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by the Azerbaijani Central Bank, reduced by 0.0014 manats (0.13 percent) last week. Accordingly, the average weighted rate was set at 1.0481 manats to 1 US dollar.

Official exchange rate of manat to US dollar:

May 11

-

May 18

1.0471

May 12

1.0484

May 19

1.0477

May 13

1.048

May 20

1.0485

May 14

1.0474

May 21

1.0486

May 15

1.0472

May 22

1.0485

Average weekly

1.0478

Average weekly

1.0481

During the week, the official exchange rate of manat to euro, set by the CBA consolidated by 0.0281 manats (2.4 percent). Accordingly, the average weighted rate was set at 1.17682 manats to 1 euro.

Official exchange rate of manat to euro:

May 11

-

May 18

1.1969

May 12

1.1697

May 19

1.1842

May 13

1.1779

May 20

1.1680

May 14

1.1912

May 21

1.1662

May 15

1.1946

May 22

1.1688

Average weekly

1.1834

Average weekly

1.17682

Last week, the price on one ounce of gold dropped by 12.1056 manats (0.96 percent). Accordingly, the average weighted price on gold amounted to 1273.6501 manats.

Change in the value of one ounce of gold:

May 11

-

May 18

1277.9856

May 12

1246.8097

May 19

1281.8610

May 13

1248.692

May 20

1273.1936

May 14

1267.8777

May 21

1269.3303

May 15

1282,82

May 22

1265.88

Average weekly

1261.5499

Average weekly

1273.6501

The 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.

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Follow the author on Twitter: @AzadHasanli

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