The price of one unit
Divide the quoted manat amount by the units in that row. A hypothetical 2 AZN per 100 units equals 0.02 AZN per unit. This is an educational example, not a current quote.
FinFly Explains / Economy
How to read exchange rates against the manat
Read a rate alongside the number of currency units: it may refer to one hundred units rather than one. Missing this changes the entire calculation.
Check the date
CBAR states that the last published official rate remains effective when no new rate is published on a weekend or holiday. Compare quotation dates, not just page-access times.
Official, buy and sell
Bank tables distinguish CBAR rates from buying and selling rates. Kapital Bank’s archive illustrates this structure, not today’s prices. Obtain current terms from the bank before exchanging.
Compare the outcome
FinFly recommends comparing the final amount for the same transaction, including fees. Buying foreign currency from a bank uses its selling rate; handing foreign currency to it uses its buying rate.
Questions
Short answers
Can I multiply by the table’s number directly?
Only after checking its unit. For a quote per 100 units, divide the rate by 100 first.
Method
Primary sources
The explainer is checked against these institutional and industry sources. Links open the original material.