Azerbaijani Manat Holds Steady vs US Dollar Despite Weakness Against Euro and Ruble

The Azerbaijani manat has remained stable against the US dollar over the past week. According to the Central Bank of Azerbaijan (CBA), the weighted average exchange rate stood at 1.7000 manats per dollar during this period.

However, the manat weakened against other major currencies: it lost value against the euro and Russian ruble. The official exchange rate for 100 euros declined by 0.0111 manats, while the weighted average rate fell by 0.00178 manats compared to the previous week.

The manat's value also dropped against the Turkish lira, with the official exchange rate decreasing by 0.0001 manats over the week. The weighted average rate declined by 0.00012 manats compared to the previous week.