Azerbaijani Manat Holds Steady Against US Dollar as Euro Declines Slightly

Baku: The official exchange rate of the Azerbaijani manat against the US dollar, as set by the Central Bank of Azerbaijan (CBA), held the fort at the end of this week, Trend reports. The weighted average rate at the end of the week amounted to 1.7 manat per dollar, showing no fluctuations throughout the monitored period.

According to Trend News Agency, the official exchange rate of the manat against the euro experienced a slight decline of 0.011 manat this week. The weighted average rate decreased by 0.0055 manat, resulting in a rate of 1.9667 manat per euro. The exchange rates were observed for the week, with daily rates fluctuating slightly.

Additionally, the manat’s exchange rate against the 100 Russian rubles showed a growth of 0.0264 manat over the week. The weighted average also saw an increase of 0.0059 manat, bringing the rate to 2.1064 manat per 100 rubles. The daily rates noted were indicative of this upward trend.

Meanwhile, the official exchange rate of the manat against the Turkish lira fell by a marginal 0.0001 manat over the week. The weighted average rate decreased by 0.00006 manat, ending at 0.04014 manat per lira. The daily exchange rates showed minimal variations throughout the week.

It is noteworthy that Azerbaijan observed November 10 and 11 as non-working days in celebration of the nation’s Victory Day, which is reflected in the exchange rate observations for those dates.