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Manat rate in Azerbaijani banks for May 4 (list)

Business Materials 4 May 2016 16:30 (UTC +04:00)
Official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.5094 manats and 1.7336 manats respectively on May 4.
Manat rate in Azerbaijani banks for May 4 (list)

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Baku, Azerbaijan, May 4

By Anvar Mammadov - Trend:

Official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.5094 manats and 1.7336 manats respectively on May 4.

According to the currency exchange rate corridor set by the Central Bank of Azerbaijan, currency exchange offices can't buy US dollars from population at a rate less than 1.4491 manats per dollar or sell the US dollars at a rate exceeding 1.5697 manats per dollar.

The exchange rate of the banks won't be able to buy euros from the population at a rate less than 1.6643 manats per euro, and sell them at a rate more than 1.8029 manats per euro.

Below is the exchange rate of Azerbaijani manat against those currencies on May 4, according to the Central Bank.

Dollar

Euro

Banks

Buy

Sell

Buy

Sell

Xalq Bank

1,495

1,512

1,67

1,79

AtaBank

1,5

1,525

1,72

1,75

International Bank of Azerbaijan

1,4641

1,5517

1,6729

1,7856

AccessBank

1,479

1,524

1,699

1,794

Demirbank

1,495

1,525

1,6975

1,7675

Bank Melli Iran

1,49

1,53

1,69

1,77

Azer-Turk Bank

1,492

1,551

1,681

1,785

Bank of Baku

1,492

1,512

1,665

1,802

Bank Respublika

-

1,53

-

1,802

Kapital Bank

1,485

1,5575

1,6945

1,7905

Bank Standard

1,473

1,558

1,69

1,782

AG Bank

1,485

1,54

1,699

1,78

MuganBank

1,47

1,55

1,6642

1,8028

Nikoil Bank

1,49

1,52

1,67

1,77

National Bank of Pakistan

1,47

1,54

-

-

Rabitabank

1,49

1,54

1,6989

1,7856

Turanbank

1,45

1,515

1,675

1,757

Unibank

1,49

1,518

1,6903

1,7769

YapiKredi

1,45

1,5688

1,6654

1,8018

Zamin Bank

1,47

1,53

1,68

1,75

Parabank

1,485

1,52

1,72

1,75

Amrahbank

1,485

1,525

1,7

1,7675

ExpressBank

1,49

1,516

1,665

1,737

Dekabank

1,48

1,525

1,7

1,79

Azerbaijan Industry Bank

1,49

1,52

1,67

1,8

NBC Bank

1,485

1,54

1,675

1,77

Gunay Bank

1,485

1,52

1,70

1,75

Bank Avrasiya

1,46

1,53

1,7

1,77

PASHA Bank

1,477

1,538

1,692

1,784

NaxcivanBank

1,49

1,5275

1,6889

1,7762

AFB Bank

1,48

1,52

1,698

1,7685

VTB Bank (Azerbaijan)

1,47

1,51

1,682

1,751

KredoBank

-

1,52

-

1,77

Bank Silk Way

1,47

1,51

1,72

1,738

BTB Bank

1,49

1,516

1,678

1,7938

Caspian Development Bank

1,49

1,535

1,67

1,8

ZiraatBank

1,453

1,53

1,69

1,7683

Thus, the most profitable dollar sale rate has been observed in Xalq Bank and Demirbank - 1.495 AZN/USD, while the dollar purchase rate - in VTB Bank (Azerbaijan) and Bank Silk Way - 1.51 AZN/USD.

The most profitable euro purchase rate has been observed in ExpressBank - 1.737 AZN/EUR, while the euro sale rate - Bank Silk Way, Parabank and AtaBank - 1.7 AZN/EUR as of May 4.

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Follow the author on Twitter: @Anvar_Mammadov

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