Imports in Azerbaijan have increased, leading to a higher demand for dollars and the need to increase and diversify the currency supply. In 2023, imports reached $17.2 billion. The demand for US dollars at auctions in February 2024 was $870.6 million, a significant increase compared to previous years. The central bank attributes the increase in demand to seasonal factors and other economic and psychological reasons. The volatility in the foreign exchange market may be optimized this month.
In the currency markets of both Azerbaijan and Morocco, the exchange rates of their respective currencies against the US dollar remained stable. In Azerbaijan, the exchange rate of the Azerbaijani manat against the US dollar remained unchanged at 1.7 manat per dollar. Meanwhile, in Morocco, the Moroccan dirham also remained stable against the US dollar.
However, there were some differences in the performance of the currencies against the euro. In Azerbaijan, the official exchange rate of the manat against the euro fell by 0.0080 manat, resulting in a weighted average rate of 1.8366 manat per euro. On the other hand, in Morocco, the dirham weakened against the euro. The specific decrease in the exchange rate between the dirham and the euro was not provided in the article.
These developments indicate stability in the currency markets of both Azerbaijan and Morocco, with the US dollar remaining steady against their respective currencies. However, the euro showed mixed performance, with the Azerbaijani manat weakening against the euro and the Moroccan dirham also experiencing a decrease in value against the euro.
According to the Central Bank of Azerbaijan (CBA), the real-time exchange rate of the US dollar and euro versus the Azerbaijani manat on March 18 is 1.7 and 1.8507 manat, respectively. The manat's rate in relation to other foreign currencies on Monday, according to the CBA, is as follows: 1 Belarusian ruble = 0.5195 manat, 1 UAE Dirham = 0.4629 manat, 1 South African rand = 0.0906 manat, 100 South Korean won = 0.1275 manat, 1 Czech krone = 0.0736 manat, 100 Chilean pesos = 0.1804 manat, 1 Danish krone = 0.2482 manat, 1 Georgian lari = 0.6274 manat, 1 Hong Kong dollar = 0.2174 manat, 1 Indian rupee = 0.0205 manat, 1 British pound sterling = 2.1644 manat, 100 Indonesian rupiah = 0.0109 manat, 100 Iranian rials = 1.9241 manat, 1 Israeli shekel = 1.2557 manat, 1 Kuwaiti dinar = 5.5296 manat, 1 Kazakh tenge = 0.0038 manat, 1 Kyrgyz som = 0.0019 manat, 1 Malaysian ringgit = 0.3602 manat, 1 Moldovan leu = 0.0964 manat, 1 Norwegian krone = 0.1602 manat, 1 Polish zloty = 0.0135 manat, 1 Russian ruble = 0.0182 manat, 1 Saudi rial = 0.4533 manat, 1 SDR (Special Drawing Rights of IMF) = 2.2637 manat, 1 Turkish lira = 0.0526 manat, 1 Tajik somoni = 0.0538 manat, 1 New Turkmen manat = 0.1553 manat, 1 Ukrainian hryvnia = 0.0438 manat, 1 New Zealand dollar = 1.1401 manat.
The exchange rate of the US dollar against the Azerbaijani manat for April 2, 2024, is set at 1.7 manat. The exchange rate of the euro against the Azerbaijani manat for April 2, 2024, is set at 1.8247 manat. The Central Bank of Azerbaijan (CBA) shows the manat's rate against foreign currencies on April 2, 2024. The rates include 1 Belarusian ruble = 0.5195 manat, 1 UAE dirham = 0.4629 manat, 1 South African rand = 0.0898 manat, 100 South Korean won = 0.1257 manat, 1 Czech krone = 0.0721 manat, 100 Chilean pesos = 0.1726 manat, 1 Danish krone = 0.2446 manat, 1 Georgian lari = 0.6344 manat, 1 Hong Kong dollar = 0.2172 manat, 1 Indian rupee = 0.0204 manat, 1 British pound sterling = 2.1327 manat, 100 Indonesian rupiah = 0.0107 manat, 100 Iranian rials = 1.8757 manat, 1 Israeli shekel = 0.4609 manat, 1 Kuwaiti dinar = 5.5231 manat, 1 Kazakh tenge = 0.0038 manat, 1 Kyrgyz som = 0.0019 manat, 1 Malaysian ringgit = 0.1023 manat, 1 Moldovan leu = 0.0963 manat, 1 Norwegian krone = 0.1552 manat, 1 Polish zloty = 0.0135 manat, 1 Russian ruble = 0.0184 manat, 1 Saudi rial = 1.2565 manat, 1 SDR (IMF Special Drawing Rights) = 2.2503 manat, 1 Turkish lira = 0.0527 manat, 1 Tajik somoni = 0.1553 manat, 1 new Turkmen manat = 0.4857 manat, 1 Ukrainian hryvnia = 0.0434 manat, and 1 New Zealand dollar = 1.1202 manat.
The exchange rate of the US dollar and the euro against the Azerbaijani manat on April 6, 2024, is set at 1.7 and 1.8423 manat, respectively. The manat's rate in relation to other foreign currencies on Saturday, according to the Central Bank of Azerbaijan (CBA), is as follows: 1 Belarusian ruble = 0.5195 manat, 1 UAE dirham = 0.4629 manat, 1 South African rand = 0.0909 manat, 100 South Korean won = 0.1257 manat, 1 Czech krone = 0.0728 manat, 100 Chilean pesos = 0.1791 manat, 1 Danish krone = 1.1183 manat, 1 Georgian lari = 0.6355 manat, 1 Hong Kong dollar = 0.2171 manat, 1 Indian rupee = 0.0204 manat, 1 British pound sterling = 2.1484 manat, 100 Indonesian rupiah = 0.0107 manat, 100 Iranian rials = 0.0184 manat, 1 Swedish krona = 1.8852 manat, 1 Israeli shekel = 0.4515 manat, 1 Kuwaiti dinar = 1.2509 manat, 1 Kazakh tenge = 0.0038 manat, 1 Kyrgyz som = 0.0191 manat, 1 Malaysian ringgit = 0.0019 manat, 1 Moldovan leu = 0.3581 manat, 1 Norwegian krone = 0.1033 manat, 1 Polish zloty = 0.1584 manat, 1 Russian ruble = 0.4305 manat, 1 Saudi rial = 0.0184 manat, 1 SDR (IMF Special Drawing Rights) = 2.2541 manat, 1 Turkish lira = 0.1553 manat, 1 Tajik somoni = 0.4857 manat, 1 new Turkmen manat = 0.0438 manat, 1 Ukrainian hryvnia = 1.1212 manat, 1 New Zealand dollar = 1.0222 manat.
The official exchange rate of the Azerbaijani manat against the US dollar remained unchanged at 1.7 manat per dollar. The exchange rate of the manat against the euro fell by 0.0019 manat, with a weighted average rate of 1.8286 manat per euro. The exchange rate of the manat against the Russian ruble remained unchanged at 0.0186 manat per ruble. The exchange rate of the manat against the Turkish lira fell by 0.0001 manat, with a weighted average rate of 0.0527 manat per lira.