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Weekly review of Azerbaijani currency market

Weekly review of Azerbaijani currency market

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Date: 19 December 2015 17:12

Baku, Azerbaijan, Dec.19

By Azad Hasanli – Trend:

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijani Central Bank dropped by 0.0005 manats (0.05 percent). Accordingly, the average rate was set at 1.04956 manats to 1 US dollar.

Official exchange rate of manat to US dollar

Dec.7

1,0499

Dec.14

1,0494

Dec.8

1,0500

Dec.15

1,0491

Dec.9

1,0496

Dec.16

1,0495

Dec.10

1,0492

Dec.17

1,0499

Dec.11

1,0495

Dec.18

1,0499

Average weekly

1,04964

Average weekly

1,04956

During the week, the official exchange rate of manat to euro set by the CBA consolidated by 0.0107 manats (0.9 percent). Accordingly, the average rate was set at 1.14658 manats to 1 euro.

Official exchange rate of manat to euro

Dec. 7

1,1405

Dec. 14

1,1501

Dec. 8

1,1387

Dec. 15

1,1563

Dec. 9

1,1453

Dec. 16

1,1477

Dec. 10

1,1547

Dec. 17

1,1394

Dec. 11

1,1478

Dec. 18

1,1394

Average weekly

1,1454

Average weekly

1,14658

This week, the price on one ounce of gold has decreased by 23,7164 manats (2.15 percent).

Accordingly, the average price for gold reached 1118,1794 manats.

Change in the value of one ounce of gold:

Dec. 7

1133,1046

Dec. 7

1125,4815

Dec. 8

1129,5900

Dec. 8

1120,7011

Dec. 9

1125,2762

Dec. 9

1114,0443

Dec. 10

1134,1852

Dec. 10

1128,9050

Dec. 11

1124,0145

Dec. 11

1101,7651

Average weekly

1129,2341

Average weekly

1118,1794

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

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