Azerbaijani Manat Holds Steady Against Dollar Amid Weakening Against Other Currencies

The Azerbaijani manat's exchange rate remained stable against the U.S. dollar over the past week, according to the Central Bank of Azerbaijan (CBA). The weighted average exchange rate stood at 1.7000 manat per dollar during the week.

However, the manat weakened against other major currencies, including the euro and Russian ruble. Against the euro, the official exchange rate declined by 0.0111 manat, while the weighted average rate fell by 0.00178 manat compared to the previous week, reaching 1.94082 manat per euro.

The manat also lost value against the Russian ruble, with the official exchange rate for 100 rubles dropping by 0.0034 manat. The weighted average exchange rate fell by 0.0281 manat week-on-week, standing at 2.17074 manat per 100 rubles.

Against the Turkish lira, the manat's official exchange rate decreased by 0.0001 manat over the week, while the weighted average rate declined by 0.00012 manat compared to the previous week, reaching 0.03598 manat per lira.