Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Sept. 24

By Anvar Mammadov - Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijani Central Bank, dropped by 0.0009 manat (0.085 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:

Sept. 14

1,0475

Sept. 21

1,0476

Sept. 15

1,0476

Sept. 22

1,0482

Sept. 16

1,0478

Sept. 23

1,0485

Sept. 17

1,0477

Sept. 24

-

Sept. 18

1,0473

Sept. 25

-

Average weekly

1,04758

Average weekly

1,0481

During the week, the official exchange rate of manat to euro set by the CBA increased by 0.0182 manat (1.53 percent). Accordingly, the average rate was set at 1.17587 manat to 1 euro.

Official exchange rate of manat to euro:

Sept.14

1,1687

Sept.21

1,1858

Sept.15

1,1744

Sept.22

1,1742

Sept.16

1,1717

Sept.23

1,1676

Sept.17

1,1748

Sept.24

-

Sept.18

1,1821

Sept.25

-

Average weekly

1,17434

Average weekly

1,17587

Last week, the price on one ounce of gold decreased by 18,4747 manats (1,545 percent). Accordingly, the average price for gold stood at 1187,18203 manats.

Change in the value of one ounce of gold:

Sept.14

1152,5119

Sept.21

1195,8354

Sept.15

1157,3885

Sept.22

1188,35

Sept.16

1158,8144

Sept.23

1177,3607

Sept.17

1174,27

Sept.24

-

Sept.18

1181,14

Sept.25

-

Average weekly

1164,82496

Average weekly

1187,18203

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.

follow the author on Twitter: @Anvar_Mammadov

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