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Weekly review of Azerbaijani currency market

6 August 2016 17:46 (UTC+04:00)
Weekly review of Azerbaijani currency market

By Trend

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0129 manats (0.8138 percent) last week. Accordingly, the average rate was set at 1.59152 manats to $1.

Official exchange rate of manat to US dollar

July 25

1,5724

Aug. 1

1,5851

July 26

1,5755

Aug. 2

1,5883

July 27

1,5787

Aug. 3

1,5915

July 28

1,5819

Aug. 4

1,5947

July 29

1,5851

Aug. 5

1,5980

Average weekly

1,5787

Average weekly

1,59152

During the week, the official exchange rate of manat to euro set by the CBA decreased by 0.0076 manats (0.4289 percent). Accordingly, the average rate was set at 1.77774 manats to 1 euro.

Official exchange rate of manat to euro

July 25

1,7259

Aug. 1

1,7721

July 26

1,7338

Aug. 2

1,7749

July 27

1,7366

Aug. 3

1,7845

July 28

1,7512

Aug. 4

1,7775

July 29

1,7564

Aug. 5

1,7797

Average weekly

1,7408

Average weekly

1,77774

The official exchange rate of Azerbaijani manat to the Russian ruble set by Azerbaijani Central Bank increased by 0.0002 manats (0.8333 percent). Accordingly, the average rate was set at 0.02396 manats to 1 Russian ruble.

Official exchange rate of manat to Russian ruble

July 25

0,0243

Aug. 1

0,0240

July 26

0,0241

Aug. 2

0,0238

July 27

0,0239

Aug. 3

0,0238

July 28

0,024

Aug. 4

0,0240

July 29

0,0238

Aug. 5

0,0242

Average weekly

0,02402

Average weekly

0,02396

During the week, the official exchange rate of manat to Turkish lira set by the CBA remained unchanged. Accordingly, the average rate was set at 0.53054 manats to 1 Turkish lira.

Official exchange rate of manat to Turkish lira

July 25

0,5141

Aug. 1

0,5309

July 26

0,5202

Aug. 2

0,5309

July 27

0,5192

Aug. 3

0,5314

July 28

0,5243

Aug. 4

0,5286

July 29

0,526

Aug. 5

0,5309

Average weekly

0,52076

Average weekly

0,53054

This week, the price of one ounce of gold increased by 50.4703 manats (2.3726 percent). Accordingly, the average price for gold reached 2157,19474 manats.

Change in value of one ounce of gold

July 25

2076,7473

Aug. 1

2127,2042

July 26

2068,8678

Aug. 2

2143,6491

July 27

2088,6201

Aug. 3

2170,4081

July 28

2102,3451

Aug. 4

2167,0378

July 29

2126,8079

Aug. 5

2177,6745

Average weekly

2092,678

Average weekly

2157,19474

The trading at Baku Interbank Currency Exchange (BBVB) has not been carried out since early 2015, so the exchange rate of manats is not formed.

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