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Weekly review of Azerbaijani currency market

Economy Materials 2 July 2016 11:14 (UTC +04:00)

Baku, Azerbaijan, July 2

By Azad Hasanli – Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0093 manats (0.6 percent) last week. Accordingly, the average rate was set at 1.53785 manats to $1.

Official exchange rate of manat to US dollar

June 20

1,521

June 27

-

June 21

1,524

June 28

1,5332

June 22

1,527

June 29

1,5363

June 23

1,5301

June 30

1,5394

June 24

1,5332

July 1

1,5425

Average weekly

1,52706

Average weekly

1,53785

During the week, the official exchange rate of manat to euro set by the CBA decreased by 0.0159 manats (0.9 percent). Accordingly, the average rate was set at 1.704325 manats to 1 euro.

Official exchange rate of manat to euro

June 20

1,7307

June 27

-

June 21

1,7273

June 28

1,696

June 22

1,7201

June 29

1,7004

June 23

1,7347

June 30

1,709

June 24

1,6787

July 1

1,7119

Average weekly

1,7183

Average weekly

1,704325

The official exchange rate of Azerbaijani manat to the Russian ruble set by Azerbaijani Central Bank decreased by 0.0006 manats (2.6 percent). Accordingly, the average rate was set at 0.023925 manats to 1 Russian ruble.

Official exchange rate of manat to Russian ruble

June 20

0,0235

June 27

-

June 21

0,0238

June 28

0,0235

June 22

0,0239

June 29

0,024

June 23

0,0237

June 30

0,0241

June 24

0,023

July 1

0,0241

Average weekly

0,02358

Average weekly

0,023925

During the week, the official exchange rate of manat to Turkish lira set by the CBA decreased by 0.0118 manats (2.26 percent). Accordingly, the average rate was set at 0.529725 manats to 1 Turkish lira.

Official exchange rate of manat to Turkish lira

June 20

0,523

June 27

-

June 21

0,5253

June 28

0,5234

June 22

0,5244

June 29

0,5288

June 23

0,5293

June 30

0,5315

June 24

0,5164

July 1

0,5352

Average weekly

0,52368

Average weekly

0,529725

This week, the price of one ounce of gold increased by 6.4568 manats (0.3percent). Accordingly, the average price for gold reached 2028.61655 manats.

Change in value of one ounce of gold

June 20

1963,155

June 27

-

June 21

1953,463

June 28

2030.8001

June 22

1943,26

June 29

2012.0921

June 23

1935,347

June 30

2034.3171

June 24

1935,128

July 1

2037.2569

Average weekly

1946,0707

Average weekly

2028.61655

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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