Azerbaijan's currency market: Weekly overview

The official exchange rate of the Azerbaijani manat against the US dollar, as set by the Central Bank of Azerbaijan (CBA), remained stable throughout the week, Azernews reports.

The weekly weighted average rate for the US dollar stood at 1.7 manat.

In contrast, the manat weakened slightly against the euro, with the official exchange rate declining by 0.0087 manat. The weighted average rate also dropped by 0.00594 manat, settling at 1.99792 manat per euro.

The exchange rate of the manat against 100 Russian rubles also saw a decrease of 0.0125 manat. The weighted average rate declined by 0.01008 manat to reach 2.03224 manat.

Against the Turkish lira, the manat edged down by 0.0002 manat over the week. The weighted average exchange rate dropped by 0.0001 manat, totaling 0.04102 manat per lira.