From December 2004-November 2005 exchange rate of manat increased 11.9% in the view of external goods turnover, including 8,6% - import and 14.6% - export that caused consolidation of manats in regard to currencies of main trade partners, the National Bank of Azerbaijan (NBA).
Nominal effective rate of manat in regard to U.S. dollar rose by 6.7%, real effective rate - 4.5%; euro - 18.6% and 19.4%; Russian ruble - 9.1% and 2.7%; Turkish lira - 2.9% and 0.1%; Georgian lari - 6.6% and 4%, Iranian rial - 10.2% and 4.9%; Kazakh tenge - 10% and 6.5%; Japanese yen - 17.8% and 21.1%; Israeli shekel - 13.7% and 14.5%; British pound sterling - 16.3% and 17.5%; Ukrainian grivna - 1.1% with drop in real effective rate by 3.8%.