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Weekly review of Azerbaijani currency market

Business Materials 18 June 2016 12:29 (UTC +04:00)
The official exchange rate of Azerbaijani manats to the US dollar set by Azerbaijani Central Bank (CBA) decreased by 0.0066 manats (0.4367 percent) last week. Accordingly, the average rate was set at 1.5141 manats to $1.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, June 18

By Anvar Mammadov - Trend:

The official exchange rate of Azerbaijani manats to the US dollar set by Azerbaijani Central Bank (CBA) decreased by 0.0066 manats (0.4367 percent) last week. Accordingly, the average rate was set at 1.5141 manats to $1.

Official exchange rate of manat to US dollar

June 6

1,4994

June 13

1,5114

June 7

1,5024

June 14

1,512

June 8

1,5054

June 15

-

June 9

1,5084

June 16

1,515

June 10

1,5114

June 17

1,518

Average weekly

1,5054

Average weekly

1,5141

During the week, the official exchange rate of manats to euro set by the CBA weakened by 0.0069 manats (0.4058 percent). Accordingly, the average rate was set at 1.705775 manats to 1 euro.

Official exchange rate of manats to euro

June 6

1,7005

June 13

1,7005

June 7

1,7063

June 14

1,707

June 8

1,7124

June 15

-

June 9

1,7203

June 16

1,7082

June 10

1,707

June 17

1,7074

Average weekly

1,7093

Average weekly

1,705775

The official exchange rate of Azerbaijani manats to the Russian ruble set by Azerbaijani Central Bank remained unchanged. Accordingly, the average rate was set at 0.0231 manats to 1 Russian ruble.

Official exchange rate of manats to Russian ruble

June 6

0,0228

June 13

0,0231

June 7

0,0229

June 14

0,023

June 8

0,0233

June 15

-

June 9

0,0236

June 16

0,0232

June 10

0,0235

June 17

0,0231

Average weekly

0,02322

Average weekly

0,0231

During the week, the official exchange rate of manats to Turkish lira set by the CBA cheapened by 0,0028 manats (0.5431 percent). Accordingly, the average rate was set at 0,517375 manats to 1 Turkish lira.

Official exchange rate of manats to Turkish lira

June 6

0,5165

June 13

0,5156

June 7

0,5175

June 14

0,5173

June 8

0,5197

June 15

-

June 9

0,5217

June 16

0,5182

June 10

0,5212

June 17

0,5184

Average weekly

0,51932

Average weekly

0,517375

This week, the price of one ounce of gold increased by 61,9278 manats (3,2124 percent).
Accordingly, the average price for gold reached 1956,8113 manats.

Change in the value of one ounce of gold:

June 6

1860,01

June 13

1927,7907

June 7

1868,99

June 14

1936,5242

June 8

1868,2

June 15

-

June 9

1905,11

June 16

1973,2118

June 10

1910,26

June 17

1989,7185

Average weekly

1882,51208

Average weekly

1956,8113

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: @Anvar_Mammadov

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