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Weekly review of Azerbaijani currency market

Business Materials 20 February 2016 15:13 (UTC +04:00)
The official exchange rate of Azerbaijani manats to the US dollar set by Azerbaijani Central Bank consolidated by 0.0076 manats (0.5 percent). Accordingly, the average rate was set at 1.56688 manats to 1 US dollar.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Feb. 20

By Azad Hasanli - Trend:

The official exchange rate of Azerbaijani manats to the US dollar set by Azerbaijani Central Bank consolidated by 0.0076 manats (0.5 percent). Accordingly, the average rate was set at 1.56688 manats to 1 US dollar.

Official exchange rate of manats to US dollar

Feb. 8

1,5819

Feb.15

1,5711

Feb.9

1,5787

Feb.16

1,5679

Feb.10

1,5702

Feb.17

1,5675

Feb.11

1,5659

Feb.18

1,5644

Feb.12

1,5745

Feb.19

1,5635

Average weekly

1,57424

Average weekly

1,56688

During the week, the official exchange rate of manats to euro set by the CBA consolidated by 0.0236 manats (1.4 percent). Accordingly, the average rate was set at 1.74888 manats to 1 euro.

Official exchange rate of manats to euro

Feb.8

1,7610

Feb.15

1,7631

Feb.9

1,7695

Feb.16

1,7488

Feb.10

1,7734

Feb.17

1,7506

Feb.11

1,7684

Feb.18

1,7424

Feb.12

1,7789

Feb.19

1,7395

Average weekly

1,77024

Average weekly

1,74888

The official exchange rate of Azerbaijani manats to the Russian ruble set by Azerbaijani Central Bank dropped by 0.0003 manats (1.5 percent). Accordingly, the average rate was set at 0.02036 manats to 1 Russian ruble.

Official exchange rate of manats to Russian ruble

Feb. 8

0,0205

Feb.15

0,0201

Feb.9

0,0201

Feb.16

0,0204

Feb.10

0,0198

Feb.17

0,0201

Feb.11

0,0198

Feb.18

0,0208

Feb.12

0,0201

Feb.19

0,0204

Average weekly

0,02006

Average weekly

0,02036

During the week, the official exchange rate of manats to Turkish lira set by the CBA consolidated by 0.0098 manats (1.9 percent). Accordingly, the average rate was set at 0.52976 manats to 1 Turkish lira.

Official exchange rate of manats to Turkish lira

Feb. 8

0,5423

Feb.15

0,5359

Feb.9

0,5344

Feb.16

0,5318

Feb.10

0,5342

Feb.17

0,526

Feb.11

0,5355

Feb.18

0,529

Feb.12

0,5365

Feb.19

0,5261

Average weekly

0,53658

Average weekly

0,52976

This week, the price on one ounce of gold decreased by 55,7798 manats (almost 3 percent).

Accordingly, the average price for gold reached 1904,58294 manats.

Change in the value of one ounce of gold:

Feb. 8

1819,7387

Feb.15

1947,7712

Feb.9

1883,7838

Feb.16

1894,3368

Feb.10

1870,1082

Feb.17

1895,8913

Feb.11

1863,4210

Feb.18

1892,924

Feb.12

1953,9545

Feb.19

1891,9914

Average weekly

1878,20124

Average weekly

1904,58294

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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