Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Sept. 17

By Azad Hasanli – Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) increased by 0.0015 manats (0.1 percent) last week. Accordingly, the average rate was set at 1.638 manats to $1.

Official exchange rate of manat to US dollar

Sept. 5

1,6362

Sept.12

-

Sept. 6

1,6362

Sept.13

-

Sept. 7

1,6403

Sept.14

1,639

Sept. 8

1,6403

Sept.15

1,6375

Sept. 9

1,6403

Sept.16

1,6375

Average weekly

1,63866

Average weekly

1,638

During the week, the official exchange rate of manat to euro set by the CBA decreased by 0.0008 manats (0.04 percent). Accordingly, the average rate was set at 1.84043 manats to 1 euro.

Official exchange rate of manat to euro

Sept.5

1,8281

Sept.12

-

Sept.6

1,8239

Sept.13

-

Sept.7

1,8457

Sept.14

1,8398

Sept.8

1,8454

Sept.15

1,8409

Sept.9

1,8498

Sept.16

1,8406

Average weekly

1,83858

Average weekly

1,84043

The official exchange rate of Azerbaijani manat to the Russian ruble set by Azerbaijani Central Bank decreased by 0.0001 manats (0.4 percent). Accordingly, the average rate was set at 0.0252 manats to 1 Russian ruble.

Official exchange rate of manat to Russian ruble

Sept.5

0,0251

Sept.12

-

Sept.6

0,0252

Sept.13

-

Sept.7

0,0255

Sept.14

0,0252

Sept.8

0,0256

Sept.15

0,0251

Sept.9

0,0256

Sept.16

0,0253

Average weekly

0,0254

Average weekly

0,0252

During the week, the official exchange rate of manat to Turkish lira set by the CBA decreased by 0.002 manats (0.36 percent). Accordingly, the average rate was set at 0.5501 manats to 1 Turkish lira.

Official exchange rate of manat to Turkish lira

Sept.5

0,5552

Sept.12

-

Sept.6

0,5552

Sept.13

-

Sept.7

0,5613

Sept.14

0,5496

Sept.8

0,5589

Sept.15

0,549

Sept.9

0,5542

Sept.16

0,5516

Average weekly

0,55696

Average weekly

0,5501

This week, the price of one ounce of gold has decreased by 23.03 manats (1.06 percent). Accordingly, the average price for gold reached 2160.1 manats.

Change in value of one ounce of gold

Sept.5

2167,4741

Sept.12

-

Sept.6

2170,1739

Sept.13

-

Sept.7

2193,4912

Sept.14

2169,4624

Sept.8

2211,6985

Sept.15

2164,3656

Sept.9

2203,579

Sept.16

2146,435

Average weekly

2189,28334

Average weekly

2160,1

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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