Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Baku, Azerbaijan, Jan. 6

By Azad Hasanli – Trend:

The official exchange rate of Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week.

Accordingly, the average rate was set at 1.7001 AZN/USD.

Jan. 1-3 were non-working days in connection with the New Year and the Solidarity Day of World Azerbaijanis. The exchange rate of Azerbaijani manat against world currencies was not formed these days.

Official AZN/USD exchange rate

Dec.25

1.7001

Jan. 1

-

Dec.26

1.7001

Jan. 2

-

Dec.27

1.7001

Jan. 3

-

Dec.28

1.7001

Jan. 4

1.7001

Dec.29

1.7001

Jan. 5

1.7001

Average weekly

1.7001

Average weekly

1.7001

The official exchange rate of manat against euro set by the CBA decreased by 0.0096 manats or 0.5 percent last week.

Accordingly, the average AZN/EUR rate was set at 2.0479 manats.

Official AZN/EUR exchange rate

Dec.25

2.0158

Jan. 1

-

Dec.26

2.0179

Jan. 2

-

Dec.27

2.0188

Jan. 3

-

Dec.28

2.0259

Jan. 4

2.0431

Dec.29

2.0307

Jan. 5

2.0527

Average weekly

2.02182

Average weekly

2.0479

The official exchange rate of manat to Russian ruble set by the CBA decreased by 0.0001 manats (0.34 percent) last week.

Accordingly, the average AZN/RUB rate was set at 0.02975 manats.

Official AZN/RUB exchange rate

Dec.25

0.0291

Jan. 1

-

Dec.26

0.0292

Jan. 2

-

Dec.27

0.0295

Jan. 3

-

Dec.28

0.0295

Jan. 4

0.0297

Dec.29

0.0295

Jan. 5

0.0298

Average weekly

0.02936

Average weekly

0.02975

The official exchange rate of manat to Turkish lira set by the CBA decreased by 0.0039 manats or 0.9 percent last week.

Accordingly, the average AZN/TRY rate was set at 0.45145 manats.

Official AZN/TRY exchange rate

Dec.25

0.4461

Jan. 1

-

Dec.26

0.4470

Jan. 2

-

Dec.27

0.4464

Jan. 3

-

Dec.28

0.4457

Jan. 4

0.4495

Dec.29

0.4499

Jan. 5

0.4534

Average weekly

0.44702

Average weekly

0.45145

Last week, the price of one ounce of gold increased by 23.7674 manats or by 1.1 percent.

Accordingly, the average price of one ounce of gold stood at 2235.6655 manats.

Change in price of one ounce of gold

Dec.25

2166.1994

Jan. 1

-

Dec.26

2173.0933

Jan. 2

-

Dec.27

2179.8342

Jan. 3

-

Dec.28

2194.6591

Jan. 4

2223.7818

Dec.29

2202.9811

Jan. 5

2247.5492

Average weekly

2183.35342

Average weekly

2235.6655

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