Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Aug. 20

By Anvar Mammadov – Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.01 manats (0.6 percent) last week. Accordingly, the average rate was set at 1.61516 manats to $1.

Official exchange rate of manat to US dollar

Aug.8

1,6005

Aug. 15

1,6102

Aug.9

1,6005

Aug. 16

1,6124

Aug.10

1,604

Aug. 17

1,6164

Aug.11

1,6062

Aug. 18

1,6164

Aug.12

1,6102

Aug. 19

1,6204

Average weekly

1,60428

Average weekly

1,61516

During the week, the official exchange rate of manat to euro set by the CBA decreased by 0.0403 manats (2.2 percent). Accordingly, the average rate was set at 1.81756 manats to 1 euro.

Official exchange rate of manat to euro

Aug.8

1,7774

Aug. 15

1,7967

Aug.9

1,7738

Aug. 16

1,8057

Aug.10

1,7886

Aug. 17

1,8212

Aug.11

1,7938

Aug. 18

1,8272

Aug.12

1,7936

Aug. 19

1,8370

Average weekly

1,78544

Average weekly

1,81756

The official exchange rate of Azerbaijani manat to the Russian ruble set by Azerbaijani Central Bank decreased by 0.0005 manats (nearly 2 percent). Accordingly, the average rate was set at 0.0252 manats to 1 Russian ruble.

Official exchange rate of manat to Russian ruble

Aug.8

0,0244

Aug. 15

0,0249

Aug.9

0,0247

Aug. 16

0,0251

Aug.10

0,0248

Aug. 17

0,0253

Aug.11

0,0248

Aug. 18

0,0253

Aug.12

0,0250

Aug. 19

0,0254

Average weekly

0,02474

Average weekly

0,0252

During the week, the official exchange rate of manat to Turkish lira set by the CBA decreased by 0.0079 manats (1.4 percent). Accordingly, the average rate was set at 0.54966 manats to 1 Turkish lira.

Official exchange rate of manat to Turkish lira

Aug.8

0,5356

Aug. 15

0,5439

Aug.9

0,5366

Aug. 16

0,5482

Aug.10

0,5412

Aug. 17

0,5508

Aug.11

0,5428

Aug. 18

0,5536

Aug.12

0,5438

Aug. 19

0,5518

Average weekly

0,54

Average weekly

0,54966

This week, the price of one ounce of gold increased by 10.30 manats (0.47 percent). Accordingly, the average price for gold reached 2173,6829 manats.

Change in value of one ounce of gold

Aug.8

2145,3102

Aug. 15

2177,3124

Aug.9

2139,5484

Aug. 16

2159,6486

Aug.10

2150,964

Aug. 17

2172,4416

Aug.11

2164,6757

Aug. 18

2171,3909

Aug.12

2181,821

Aug. 19

2187,621

Average weekly

2156,46386

Average weekly

2173,6829

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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