Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Baku, Azerbaijan, May 20

By Anvar Mammadov – Trend:

The official exchange rate of Azerbaijani manat against the US dollar set by Azerbaijan’s Central Bank (CBA) increased by 0.0002 manats, or 0.0117 percent last week.

Accordingly, the average rate was set at 1.70234 AZN/USD.

Official AZN/USD exchange rate

May 8

1.7026

May 15

1.7025

May 9

-

May 16

1.7025

May 10

1.7026

May 17

1.7022

May 11

1.7026

May 18

1.7022

May 12

1.7025

May 19

1.7023

Average weekly

1.702575

Average weekly

1.70234

The official exchange rate of manat against euro set by the CBA decreased by 0.0307 manats or 1.6497 percent last week.

Accordingly, the average AZN/EUR rate was set at 1.88232 manats.

Official AZN/EUR exchange rate

May 8

1.8683

May 15

1.8609

May 9

-

May 16

1.8715

May 10

1.8544

May 17

1.8905

May 11

1.8508

May 18

1.8971

May 12

1.8509

May 19

1.8916

Average weekly

1.8561

Average weekly

1.88232

The official exchange rate of manat to Russian ruble set by the CBA increased by 0.0004 manats or 1.3333 percent last week.

Accordingly, the average AZN/RUB rate was set at 0.02992 manats.

Official AZN/RUB exchange rate

May 8

0.0294

May 15

0.0300

May 9

-

May 16

0.0302

May 10

0.0293

May 17

0.0301

May 11

0.0296

May 18

0.0297

May 12

0.0298

May 19

0.0296

Average weekly

0.029525

Average weekly

0.02992

The official exchange rate of manat to Turkish lira set by the CBA increased by 0.0063 manats or 1.3202 percent last week.

Accordingly, the average AZN/TRY rate was set at 0.47656 manats.

Official AZN/TRY exchange rate

May 8

0.4818

May 15

0.4772

May 9

-

May 16

0.4801

May 10

0.4697

May 17

0.4797

May 11

0.4746

May 18

0.4749

May 12

0.4758

May 19

0.4709

Average weekly

0.475475

Average weekly

0.47656

Last week, the price of one ounce of gold increased by 41.7155 manats or 1.9901 percent.

Accordingly, the average price of one ounce of gold stood at 2115.0033 manats.

Change in price of one ounce of gold

May 8

2090.8779

May 15

2096.2031

May 9

-

May 16

2099.6933

May 10

2077.8530

May 17

2100.8552

May 11

2082.1947

May 18

2140.3463

May 12

2082.4129

May 19

2137.9186

Average weekly

2083.334625

Average weekly

2115.0033

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