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Weekly review of Azerbaijani currency market (May 22-29)

Finance Materials 1 June 2020 15:30 (UTC +04:00)
Official exchange rate of the Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week
Weekly review of Azerbaijani currency market (May 22-29)

BAKU, Azerbaijan, June 1

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 18

1.7

May 25

-

May 19

1.7

May 26

-

May 20

1.7

May 27

-

May 21

1.7

May 28

-

May 22

1.7

May 29

-

Average weekly

1.7

Average weekly

1.7

The official rate of the manat against the euro in connection with the announced days off from May 25-30 has not changed.

The average AZN/EUR rate was 1.8580 manat, showing a decline of 0.1 percent.

Official AZN/EUR exchange rate

May 18

1.8395

May 25

-

May 19

1.8548

May 26

-

May 20

1.8600

May 27

-

May 21

1.8633

May 28

-

May 22

1.8580

May 29

-

Average weekly

1.8551

Average weekly

1.8580

The official rate of the manat against the ruble did not change for the same reasons.

The average AZN/RUB rate was 0.0238 manat, decreasing by 1.3 percent.

Official AZN/RUB exchange rate

May 18

0.0232

May 25

-

May 19

0.0234

May 26

-

May 20

0.0235

May 27

-

May 21

0.0238

May 28

-

May 22

0.0238

May 29

-

Average weekly

0.0235

Average weekly

0.0238

The official rate of the manat against the Turkish lira also did not change.

The average AZN/TRY rate amounted to 0.2502 manat per lira, declining by 0.5 percent.

Official AZN/TRY exchange rate

May 18

0.2467

May 25

-

May 19

0.2472

May 26

-

May 20

0.2504

May 27

-

May 21

0.2505

May 28

-

May 22

0.2502

May 29

-

Average weekly

0.2490

Average weekly

0.2502

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