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Weekly review of Azerbaijani currency market

Business Materials 6 June 2015 14:15 (UTC +04:00)
The official exchange rate of Azerbaijani manat to the US dollar set by the Azerbaijani Central Bank, increased by 0.0012 manats (0.11 percent) last week. Accordingly, the average rate was set at 1.0487 manats to 1 US dollar.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, June 6

By Azad Hasanli - Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by the Azerbaijani Central Bank, increased by 0.0012 manats (0.11 percent) last week. Accordingly, the average rate was set at 1.0487 manats to 1 US dollar.

Official exchange rate of manat to US dollar:

May 25

1,0493

June 1

1,0494

May 26

1,0495

June 2

1,0496

May 27

1,0498

June 3

1,0484

May 28

-

June 4

1,0479

May 29

1,0494

June 5

1,0482

Average weekly

1,0495

Average weekly

1,0487

During the week, the official exchange rate of manat to euro, set by the CBA reduced by 0.0258 manats (2.24 percent). Accordingly, the average rate was set at 1.1644 manats to 1 euro.

Official exchange rate of manat to euro:

May 25

1.1529

June 1

1,1493

May 26

1,1485

June 2

1,1470

May 27

1,1423

June 3

1,1696

May 28

-

June 4

1,1808

May 29

1,1498

June 5

1,1751

Average weekly

1,1484

Average weekly

1,1644

Last week, the price on one ounce of gold dropped by 15.8552 manats (1.27 percent). Accordingly, the average price on gold amounted to 1246,986 manats.

Change in the value of one ounce of gold:

May 25

1263.99

June 1

1250,2552

May 26

1264,67

June 2

1259,4150

May 27

1244,4329

June 3

1249,77

May 28

-

June 4

1241,09

May 29

1243,539

June 5

1234,40

Average weekly

1254,158

Average weekly

1246,986

The trading at Baku Interbank Currency Exchange (BBVB) has not been carried out since the beginning of the year, so the exchange rate of manat is not formed.

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Follow the author on Twitter: @AzadHasanli

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