Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Sept.5

By Azad Hasanli - Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijani Central Bank, dropped by 0.0006 manat (0.057 percent) last week. Accordingly, the average rate was set at 1.0481 manat to 1 US dollar.

Official exchange rate of manat to US dollar:

August 24

1.0470

August 31

1.0480

August 25

1.0466

Sept.1

1.0479

August 26

1.0467

Sept.2

1.0479

August 27

1.0475

Sept.3

1.0481

August 28

1.0479

Sept.4

1.0486

Average weekly

1.04714

Average weekly

1.0481

During the week, the official exchange rate of manat to euro set by the CBA consolidated by 0.0122 manat (1.05 percent). Accordingly, the average rate was set at 1.1768 manat to 1 euro.

Official exchange rate of manat to euro:

August 24

1.1994

August 31

1.1789

August 25

1.2078

Sept.1

1.1809

August 26

1.2059

Sept.2

1.1813

August 27

1.1885

Sept.3

1.1763

August 28

1.1805

Sept.4

1.1667

Average weekly

1.19642

Average weekly

1.1768

Last week, the price on one ounce of gold decreased by 6.6592 manats (0.56 percent). Accordingly, the average price for gold stood at 1190.2319 manats.

Change in the value of one ounce of gold:

August 24

1210.8555

August 31

1189.4800

August 25

1220.8589

Sept.1

1189.3665

August 26

1190.6213

Sept.2

1197.0162

August 27

1173.9856

Sept.3

1192.4758

August 28

1172.6001

Sept.4

1182.8208

Average weekly

1193.78428

Average weekly

1190.2319

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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