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Nominal effective exchange rate of Azerbaijan's national currency multiplies

Economy Materials 3 January 2023 13:17 (UTC +04:00)
Nominal effective exchange rate of Azerbaijan's national currency multiplies
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 3. The nominal effective exchange rate of Azerbaijan's national currency against foreign currencies equaled 96.6 points as of December 1, 2022, Trend reports citing the Central Bank of Azerbaijan.

This figure is two points less than the indicator for November 2022, 11.2 points higher than the indicator for the beginning of 2022, and 15.3 points higher than the indicator for December 1, 2021.

The real effective manat rate amounted to 123.2 points as of November 1, 2022. This indicator decreased by 2.1 points compared to the indicator for November 1, 2022, and increased by 9.6 and 13.7 points compared to the beginning of 2022 and December 1, 2021, respectively.

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