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Weekly review of Azerbaijani currency market

Business Materials 14 January 2017 16:30 (UTC +04:00)

Baku, Azerbaijan, Jan. 14

By Azad Hasanli – Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0125 manats (0.7 percent) last week. Accordingly, the average rate was set at 1.7767 manats to $1.

The exchange rate of Azerbaijani manat to foreign currencies was not set Jan. 2-4 due to the holidays.

Official exchange rate of manat to US dollar

Jan. 2

-

Jan. 9

1.7742

Jan. 3

-

Jan. 10

1.7742

Jan. 4

-

Jan. 11

1.7742

Jan. 5

1.7707

Jan. 12

1.7742

Jan. 6

1.7742

Jan. 13

1.7867

Average weekly

1.77245

Average weekly

1.7767

The official exchange rate of manat to euro set by the CBA decreased by 0.0293 manats (1.5 percent) last week. Accordingly, the average rate was set at 1.87998 manats to 1 euro.

Official exchange rate of manat to euro

Jan. 2

-

Jan. 9

1.8677

Jan. 3

-

Jan. 10

1.8824

Jan. 4

-

Jan. 11

1.8719

Jan. 5

1.8638

Jan. 12

1.8809

Jan. 6

1.8773

Jan. 13

1.897

Average weekly

1.87055

Average weekly

1.87998

The official exchange rate of the Azerbaijani manat to the Russian ruble set by CBA decreased by 0.0003 manats (1 percent) last week. Accordingly, the average rate was set at 0.02974 manats to 1 Russian ruble.

Official exchange rate of manat to Russian ruble

Jan. 2

-

Jan. 9

0.0298

Jan. 3

-

Jan. 10

0.0296

Jan. 4

-

Jan. 11

0.0295

Jan. 5

0.0293

Jan. 12

0.0297

Jan. 6

0.0299

Jan. 13

0.0301

Average weekly

0.0296

Average weekly

0.02974

The official exchange rate of manat to Turkish lira set by the CBA increased by 0.0121 manats (2.6 percent) last week. Accordingly, the average rate was set at 0.47206 manats to 1 Turkish lira.

Official exchange rate of manat to Turkish lira

Jan. 2

-

Jan. 9

0.4863

Jan. 3

-

Jan. 10

0.4776

Jan. 4

-

Jan. 11

0.4648

Jan. 5

0.4967

Jan. 12

0.4574

Jan. 6

0.4917

Jan. 13

0.4742

Average weekly

0.4942

Average weekly

0.47206

Last week, the price of one ounce of gold increased by 66.8697 manats (3.2 percent). Accordingly, the average price of one ounce of gold stood at 2,106.30898 manats.

Change in value in one ounce of gold

Jan. 2

-

Jan. 9

2,086.1931

Jan. 3

-

Jan. 10

2,090.8947

Jan. 4

-

Jan. 11

2,110.4109

Jan. 5

2,061.5375

Jan. 12

2,090.9834

Jan. 6

2,087.7011

Jan. 13

2,153.0628

Average weekly

2,074.6193

Average weekly

2,106.30898

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