BAKU, Azerbaijan, June 6. Azerbaijani manat strengthened against the euro at the end of May 2023 compared to the beginning of the month, says Trend's analysis, based on the statistics of Azerbaijan's Central Bank.
As of May 31, 2023, the rate decreased to 1.8182 manat per euro.
The following chart illustrates fluctuations of the manat rate against euro:
According to the above currency rate
dynamics, the largest increase in the rate was recorded on May 4
(up by 0.5 percent or 0.0094 manat compared to the previous
day).
Moreover, following the dynamics of the change in the euro currency rate, it can be noted that, although on May 8 it almost reached a monthly maximum (1.8776 manat), then a slight decline in the value of the euro against the manat followed. So, on May 10, the rate fell by 0.0012 manat (0.65 percent) compared to the previous day, to 1.8652 manat per euro.
Overall, the largest decrease for the month was recorded on May 10. So, the exchange rate decreased by 0.65 percent, or 0.0122 manat, to 1.8652 manat.
In the reporting month, the average rate was 1.8501 manat per euro. The rate reached its maximum level on May 4 (1.8837 manat per euro), and the minimum - on May 31 (1.8182 manat per euro).