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Weekly review of Azerbaijani currency market

Business Materials 26 May 2018 13:10 (UTC +04:00)
The official exchange rate of Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week.
Weekly review of Azerbaijani currency market

Baku, Azerbaijan, May 26

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 14

1.7

May 21

1.7

May 15

1.7

May 22

1.7

May 16

1.7

May 23

1.7

May 17

1.7

May 24

1.7

May 18

1.7

May 25

1.7

Average weekly

1.7

Average weekly

1.7

At the end of last week, the official exchange rate of manat against euro set by the CBA increased by 0.0072 manats or 0.3604 percent last week.

Accordingly, the average AZN/EUR rate was set at 1.9961 manats.

Official AZN/EUR exchange rate

May 14

2.0326

May 21

1.9978

May 15

2.0252

May 22

2.0016

May 16

2.0115

May 23

2.0001

May 17

2.0093

May 24

1.9904

May 18

2.0069

May 25

1.9906

Average weekly

2.0171

Average weekly

1.9961

The official exchange rate of manat to Russian ruble set by the CBA decreased by 0.0003 manats (1.0989 percent) last week.

Accordingly, the average AZN/RUB rate was set at 0.02758 manats.

Official AZN/RUB exchange rate

May 14

0.0275

May 21

0.0273

May 15

0.0275

May 22

0.0276

May 16

0.0273

May 23

0.0277

May 17

0.0275

May 24

0.0277

May 18

0.0273

May 25

0.0276

Average weekly

0.02742

Average weekly

0.02758

The official exchange rate of manat to Turkish lira set by the CBA increased by 0.018 manats (4.7809 percent) last week.

Accordingly, the average AZN/TRY rate was set at 0.3669 manats.

Official AZN/TRY exchange rate

May 14

0.3910

May 21

0.3765

May 15

0.3880

May 22

0.3709

May 16

0.3821

May 23

0.3570

May 17

0.3839

May 24

0.3716

May 18

0.3806

May 25

0.3585

Average weekly

0.38512

Average weekly

0.3669

Follow the author on Twitter: @Anvar_Mammadov

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