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Weekly review of Azerbaijani currency market

Business Materials 31 October 2016 14:13 (UTC +04:00)
The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.023 manats (1.4 percent) last week. Accordingly, the average rate was set at 1.6265 manats to $1.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Oct. 31

By Azad Hasanli – Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.023 manats (1.4 percent) last week. Accordingly, the average rate was set at 1.6265 manats to $1.

Official exchange rate of manat to US dollar

Oct. 17

1.5969

Oct. 24

1.6151

Oct. 18

1.5969

Oct. 25

1.6211

Oct. 19

1.6000

Oct. 26

1.6291

Oct. 20

1.6030

Oct. 27

1.6291

Oct. 21

1.6091

Oct. 28

1.6381

Average weekly

1.60118

Average weekly

1.6265

During the week, the official exchange rate of manat to euro set by the CBA decreased by 0.0314 manats (1.8 percent). Accordingly, the average rate was set at 1.7708 manats to 1 euro.

Official exchange rate of manat to euro

Oct. 17

1.7543

Oct. 24

1.7549

Oct. 18

1.7592

Oct. 25

1.7638

Oct. 19

1.7566

Oct. 26

1.7737

Oct. 20

1.7573

Oct. 27

1.7753

Oct. 21

1.7543

Oct. 28

1.7863

Average weekly

1.75634

Average weekly

1.7708

The official exchange rate of the Azerbaijani manat to the Russian ruble set by Azerbaijani Central Bank decreased by 0.0003 manats (1.15 percent). Accordingly, the average rate was set at 0.02602 manats to 1 Russian ruble.

Official exchange rate of manat to Russian ruble

Oct. 17

0.0253

Oct. 24

0.0258

Oct. 18

0.0254

Oct. 25

0.0261

Oct. 19

0.0255

Oct. 26

0.0262

Oct. 20

0.0258

Oct. 27

0.0259

Oct. 21

0.0258

Oct. 28

0.0261

Average weekly

0.02556

Average weekly

0.02602

During the week, the official exchange rate of manat to Turkish lira set by the CBA decreased by 0.002 manats (0.4 percent). Accordingly, the average rate was set at 0.52684 manats to 1 Turkish lira.

Official exchange rate of manat Turkish lira

Oct. 17

0.5158

Oct. 24

0.5245

Oct. 18

0.5163

Oct. 25

0.526

Oct. 19

0.5171

Oct. 26

0.53

Oct. 20

0.5233

Oct. 27

0.5272

Oct. 21

0.5248

Oct. 28

0.5265

Average weekly

0.51946

Average weekly

0.52684

Last week, the price of one ounce of gold increased by 29.45 manats (1.44 percent). Accordingly, the average price of one ounce of gold reached 2061.67514 manats.

Change in value of one ounce of gold

Oct. 17

1998.9196

Oct. 24

2044.7974

Oct. 18

2003.7901

Oct. 25

2051.5831

Oct. 19

2016.9120

Oct. 26

2067.9795

Oct. 20

2034.2872

Oct. 27

2069.7716

Oct. 21

2046.2120

Oct. 28

2074.2441

Average weekly

2020.02418

Average weekly

2061.67514

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