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Weekly review of Azerbaijani currency market

Economy Materials 9 July 2016 17:01 (UTC +04:00)

Baku, Azerbaijan, July 9

By Maksim Tsurkov – Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0057 manats (0.4 percent) last week. Accordingly, the average rate was set at 1.5435 manats to $1.

Official exchange rate of manat to US dollar

June 27

-

July 4

1,5425

June 28

1,5332

July 5

1,5425

June 29

1,5363

July 6

-

June 30

1,5394

July 7

-

July 1

1,5425

July 8

1,5456

Average weekly

1,53785

Average weekly

1,54353

During the week, the official exchange rate of manat to euro set by the CBA decreased by 0.01124 manats (0.7 percent). Accordingly, the average rate was set at 1.715567 manats to 1 euro.

Official exchange rate of manat to euro

June 27

-

July 4

1,7176

June 28

1,696

July 5

1,716

June 29

1,7004

July 6

-

June 30

1,709

July 7

-

July 1

1,7119

July 8

1,7131

Average weekly

1,704325

Average weekly

1,715567

The official exchange rate of Azerbaijani manat to the Russian ruble set by Azerbaijani Central Bank decreased by 0.000208 manats (0.9 percent). Accordingly, the average rate was set at 0.024133 manats to 1 Russian ruble.

Official exchange rate of manat to Russian ruble

June 27

-

July 4

0,0242

June 28

1,696

July 5

0,0241

June 29

1,7004

July 6

-

June 30

1,709

July 7

-

July 1

1,7119

July 8

0,0241

Average weekly

0,023925

Average weekly

0,024133

During the week, the official exchange rate of manat to Turkish lira set by the CBA increased by 0.000025 manats (0.004 percent). Accordingly, the average rate was set at 0.5297 manats to 1 Turkish lira.

Official exchange rate of manat to Turkish lira

June 27

-

July 4

0,5324

June 28

0,5234

July 5

0,5301

June 29

0,5288

July 6

-

June 30

0,5315

July 7

-

July 1

0,5352

July 8

0,5266

Average weekly

0,529725

Average weekly

0,5297

This week, the price of one ounce of gold increased by 53.84925 manats (2.7 percent). Accordingly, the average price for gold reached 2082.4658 manats.

Change in value of one ounce of gold

June 27

-

July 4

2066,95

June 28

2030.8001

July 5

2083,5319

June 29

2012.0921

July 6

-

June 30

2034.3171

July 7

-

July 1

2037.2569

July 8

2096,9155

Average weekly

2028.61655

Average weekly

2082,4658

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: @MaksimTsurkov

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