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Weekly review of Azerbaijani currency market

Business Materials 4 March 2017 15:23 (UTC +04:00)
The official exchange rate of Azerbaijani manat against the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0073 manats, or 0.4 percent last week.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, March 4

By Azad Hasanli – Trend:

The official exchange rate of Azerbaijani manat against the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0073 manats, or 0.4 percent last week.

Accordingly, the average rate was set at 1.75056 AZN/USD.

Official AZN/USD exchange rate

Feb. 20

1.7352

Feb. 27

1.7475

Feb. 21

1.7352

Feb. 28

1.7475

Feb. 22

1.7447

March 1

1.7515

Feb. 23

1.7447

March 2

1.7515

Feb. 24

1.7475

March 3

1.7548

Average weekly

1.74146

Average weekly

1.75056

The official exchange rate of manat against euro set by the CBA increased by 0.0006 manats or 0.03 percent last week.

Accordingly, the average AZN/EUR rate was set at 1.84726 manats.

Official AZN/EUR exchange rate

Feb. 20

1.8425

Feb. 27

1.8466

Feb. 21

1.8361

Feb. 28

1.8505

Feb. 22

1.8399

March 1

1.8483

Feb. 23

1.8426

March 2

1.8449

Feb. 24

1.8490

March 3

1.846

Average weekly

1.84202

Average weekly

1.84726

The official exchange rate of the Azerbaijani manat to the Russian ruble set by CBA increased by 0.0002 manats or 0.7 percent last week.

Accordingly, the average AZN/RUB rate was set at 0.03008 manats.

Official AZN/RUB exchange rate

Feb. 20

0.0297

Feb. 27

0.0301

Feb. 21

0.0300

Feb. 28

0.0302

Feb. 22

0.0304

March 1

0.0301

Feb. 23

0.0301

March 2

0.0301

Feb. 24

0.0303

March 3

0.0299

Average weekly

0.0301

Average weekly

0.03008

The official exchange rate of manat to Turkish lira set by the CBA increased by 0.0152 manats or 3.2 percent last week.

Accordingly, the average AZN/TRY rate was set at 0.47984 manats.

Official AZN/TRY exchange rate

Feb. 20

0.4788

Feb. 27

0.486

Feb. 21

0.4777

Feb. 28

0.4843

Feb. 22

0.4816

March 1

0.4792

Feb. 23

0.4872

March 2

0.4789

Feb. 24

0.4888

March 3

0.4708

Average weekly

0.48282

Average weekly

0.47984

Last week, the price of one ounce of gold decreased by 18.1355 manats or 0.8 percent.

Accordingly, the average price of one ounce of gold stood at 2186.41446 manats.

Change in price of one ounce of gold

Feb. 20

2155.0316

Feb. 27

2190.7534

Feb. 21

2146.9630

Feb. 28

2196.957

Feb. 22

2151.5640

March 1

2199.1834

Feb. 23

2157.5833

March 2

2172.5606

Feb. 24

2180.7053

March 3

2172.6179

Average weekly

2158.36944

Average weekly

2186.41446

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