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Weekly review of Azerbaijani currency market

Business Materials 3 September 2016 15:31 (UTC +04:00)
The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0082 manats (0.5 percent) last week. Accordingly, the average rate was set at 1.63128 manats to $1.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Sept. 3

By Azad Hasanli – Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0082 manats (0.5 percent) last week. Accordingly, the average rate was set at 1.63128 manats to $1.

Official exchange rate of manat to US dollar

Aug. 22

1,6204

Aug. 29

1,628

Aug. 23

1,6204

Aug. 30

1,628

Aug. 24

1,6245

Aug. 31

1,6321

Aug. 25

1,6245

Sept. 1

1,6321

Aug. 26

1,628

Sept. 2

1,6362

Average weekly

1,62356

Average weekly

1,63128

During the week, the official exchange rate of manat to euro set by the CBA decreased by 0.0089 manats (0.5 percent). Accordingly, the average rate was set at 1.82332 manats to 1 euro.

Official exchange rate of manat to euro

Aug.22

1,8281

Aug.29

1,8238

Aug.23

1,8369

Aug.30

1,8188

Aug.24

1,8349

Aug.31

1,8209

Aug.25

1,8308

Sept.1

1,8204

Aug.26

1,8374

Sept.2

1,8327

Average weekly

1,83362

Average weekly

1,82332

The official exchange rate of Azerbaijani manat to the Russian ruble set by Azerbaijani Central Bank increased by 0.0003 manats (1.2 percent). Accordingly, the average rate was set at 0.02502 manats to 1 Russian ruble.

Official exchange rate of manat to Russian ruble

Aug.22

0,0252

Aug.29

0,0251

Aug.23

0,025

Aug.30

0,0252

Aug.24

0,0252

Aug.31

0,025

Aug.25

0,0249

Sept.1

0,025

Aug.26

0,0251

Sept.2

0,0248

Average weekly

0,02508

Average weekly

0,02502

During the week, the official exchange rate of manat to Turkish lira set by the CBA decreased by 0.0003 manats (0.05 percent). Accordingly, the average rate was set at 0.55142 manats to 1 Turkish lira.

Official exchange rate of manat to Turkish lira

Aug.22

0,5512

Aug.29

0,5515

Aug.23

0,5518

Aug.30

0,5507

Aug.24

0,5496

Aug.31

0,5514

Aug.25

0,5513

Sept.1

0,5517

Aug.26

0,5544

Sept.2

0,5518

Average weekly

0,55166

Average weekly

0,55142

This week, the price of one ounce of gold has decreased by 4.32 manats (0.2 percent). Accordingly, the average price for gold reached 2144,92668 manats.

Change in value of one ounce of gold

Aug.22

2181,7066

Aug.29

2146,925

Aug.23

2164,6924

Aug.30

2146,925

Aug.24

2180,079

Aug.31

2151,3526

Aug.25

2156,1176

Sept.1

2136,8269

Aug.26

2151,0764

Sept.2

2142,6039

Average weekly

2166,7344

Average weekly

2144,92668

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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