Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

Baku, Azerbaijan, May 19

By Anvar Mammadov – 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, at the end of the week the average rate was set at 1.7 AZN/USD.

Official AZN/USD exchange rate

May 7

1.7

May 14

1.7

May 8

1.7

May 15

1.7

May 9

-

May 16

1.7

May 10

1.7

May 17

1.7

May 11

1.7

May 18

1.7

Average weekly

1.7

May 14

1.7

At the end of last week, the official exchange rate of manat against euro set by the CBA increased by 0.0257 manats or 1.2644 percent last week.

Accordingly, the average AZN/EUR rate was set at 2.0171 manats.

Official AZN/EUR exchange rate

May 7

2.0333

May 14

2.0326

May 8

2.0252

May 15

2.0252

May 9

-

May 16

2.0115

May 10

2.0185

May 17

2.0093

May 11

2.0255

May 18

2.0069

Average weekly

2.025625

Average weekly

2.0171

The official exchange rate of manat to Russian ruble set by the CBA decreased by 0.0002 manats (0.7273 percent) last week.

Accordingly, the average AZN/RUB rate was set at 0.02742 manats.

Official AZN/RUB exchange rate

May 7

0.0271

May 14

0.0275

May 8

0.0271

May 15

0.0275

May 9

-

May 16

0.0273

May 10

0.0270

May 17

0.0275

May 11

0.0275

May 18

0.0273

Average weekly

0,027175

Average weekly

0,02742

The official exchange rate of manat to Turkish lira set by the CBA increased by 0.0104 manats (2.6598 percent) last week.

Accordingly, the average AZN/TRY rate was set at 0.38512 manats.

Official AZN/TRY exchange rate

May 7

0.4018

May 14

0.3910

May 8

0.3966

May 15

0.3880

May 9

May 16

0.3821

May 10

0.3962

May 17

0.3839

May 11

0.4006

May 18

0.3806

Average weekly

0,3988

Average weekly

0,38512

Follow the author on Twitter: @Anvar_Mammadov

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