Weekly review of Azerbaijani currency market (May 15-22)

Weekly review of Azerbaijani currency market (May 15-22)

BAKU, Azerbaijan, May 23

By Eldar Janashvili – Trend:

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

Accordingly, last week, the average rate was 1.7 AZN/1 USD.

Official AZN/USD exchange rate

May 11

1.7

May 18

-

May 12

1.7

May 19

1.7

May 13

1.7

May 20

1.7

May 14

1.7

May 21

1.7

May 15

1.7

May 22

1.7

Average weekly

1.7

Average weekly

1.7

The official rate of the manat against the euro decreased by 0.185 manat (1 percent).

The average AZN/EUR rate was 1.8551 manat (decrease by 0.4 percent).

Official AZN/EUR exchange rate

May 11

-

May 18

1.8395

May 12

1.8372

May 19

1.8548

May 13

1.8437

May 20

1.8600

May 14

1.8377

May 21

1.8633

May 15

1.8369

May 22

1.8580

Average weekly

1.8469

Average weekly

1.8551

The official rate of the manat against the ruble slid by 0.0006 manat (2.6 percent).

The average AZN/RUB rate was 0.0235 manat (down 3.2 percent).

Official AZN/RUB exchange rate

May 11

-

May 18

0.0232

May 12

0.0231

May 19

0.0234

May 13

0.0231

May 20

0.0235

May 14

0.0230

May 21

0.0238

May 15

0.0231

May 22

0.0238

Average weekly

0.0228

Average weekly

0.0235

The official rate of the manat against the Turkish lira slipped by 0.0035 manat (1.4 percent).

The average AZN/TRY rate was 0.2742 manat (drop by 3.9 percent).

Official AZN/TRY exchange rate

May 11

-

May 18

0.2467

May 12

0.2409

May 19

0.2472

May 13

0.2431

May 20

0.2504

May 14

0.2440

May 21

0.2505

May 15

0.2462

May 22

0.2502

Average weekly

0.2396

Average weekly

0.2490

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