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Banks selling currency at profitable exchange rate disclosed in Azerbaijan

Business Materials 28 April 2016 17:42 (UTC +04:00)
Official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.5056 manats and 1.7067 manats respectively on April 28.
Banks selling currency at profitable exchange rate disclosed in Azerbaijan

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Baku, Azerbaijan, April 28

By Anvar Mammadov - Trend:

Official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.5056 manats and 1.7067 manats respectively on April 28.

According to the currency exchange rate corridor set by the Central Bank of Azerbaijan, currency exchange offices can't buy US dollars from population at a rate less than 1.4454 manats per dollar or sell the US dollars at a rate exceeding 1.5658 manats per dollar.

The exchange rate of the banks won't be able to buy euros from the population at a rate less than 1.6385 manats per euro, and sell them at a rate more than 1.7749 manats per euro.

Below is the exchange rate of Azerbaijani manat against those currencies on April 28, according to the Central Bank.

US dollar

Euro

Banks

Buy

Sell

Buy

Sell

Xalq Bank

1,495

1,515

1,65

1,75

AtaBank

1,495

1,52

1,69

1,72

International Bank of Azerbaijan

1,4604

1,5508

1,647

1,7664

AccessBank

1,475

1,521

1,673

1,766

Demirbank

1,483

1,518

1,6625

1,7325

Bank Melli Iran

1,48

1,52

1,64

1,73

Azer-Turk Bank

1,485

1,547

1,655

1,757

Bank of Baku

1,498

1,515

1,639

1,774

Bank Respublika

-

1,53

-

1,774

Kapital Bank

1,5015

1,555

1,6675

1,7635

Bank Standard

1,468

1,554

1,662

1,755

AG Bank

1,472

1,535

1,6725

1,7745

MuganBank

1,47

1,545

1,6384

1,7749

Nikoil Bank

1,5

1,52

1,64

1,74

National Bank of Pakistan

1,47

1,54

-

-

Rabitabank

1,48

1,54

1,6643

1,7492

Turanbank

1,5

1,52

1,695

1,735

Unibank

1,49

1,515

1,664

1,7494

YapiKredi

1,45

1,5612

1,6437

1,7697

Zamin Bank

1,47

1,53

1,65

1,73

Parabank

1,47

1,52

1,69

1,72

Amrahbank

1,485

1,525

1,68

1,7375

ExpressBank

1,49

1,515

1,639

1,712

Dekabank

1,48

1,54

1,64

1,75

Azerbaijan Industry Bank

1,5

1,525

1,64

1,77

NBC Bank

1,47

1,53

1,65

1,74

Gunay Bank

1,49

1,52

1,66

1,74

Bank Avrasiya

1,46

1,53

1,65

1,72

PASHA Bank

1,472

1,533

1,664

1,756

NaxcivanBank

1,481

1,525

1,6627

1,7486

AFB Bank

1,47

1,53

1,672

1,741

VTB Bank (Azerbaijan)

1,46

1,519

1,655

1,724

KredoBank

-

1,53

-

1,73

Bank Silk Way

1,48

1,52

1,68

1,72

BTB Bank

1,49

1,515

1,6456

1,7531

Caspian Development Bank

1,485

1,53

1,65

1,76

ZiraatBank

1,453

1,533

1,6631

1,7408

Thus, the most profitable dollar sale rate has been observed in Kapital Bank - 1.5015 AZN / USD, while the dollar purchase rate - in Bank of Baku, BTB Bank, Exspress Bank and Unibank - 1.515 AZN / USD.

The most profitable euro purchase rate has been observed in ExpressBank - 1.712 AZN / EUR, while the euro sale rate - Turanbank - 1.695 AZN / EUR as of April 28.

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Follow the author on Twitter: @Anvar_Mammadov

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