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Analysis of currency rate dynamics of Azerbaijani manat against euro in October revealed

Finance Materials 1 November 2022 15:35 (UTC +04:00)
Analysis of currency rate dynamics of Azerbaijani manat against euro in October revealed
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 1. Azerbaijani manat weakened against the euro at the end of October compared to the beginning of the month, Trend's analysis, based on the statistics of Azerbaijan's Central Bank.

As of October 31, the rate increased up to 1.693 manat per euro.

According to the above currency rate dynamics, the largest increase in the rate was recorded on October 18 (up by 0.0208 manat or 1.26 percent compared to the previous day).

Besides, following the dynamics of the change in the euro currency rate, it can be noted that, although on October 5 it almost reached a monthly maximum (1.6952), then a sharp decline in the value of the euro against the manat followed. So, on October 7, the rate fell by 0.0202 manat (1.2 percent) compared to the previous day, to 1.6651 manat per euro.

In the reporting month, the average rate was 1.6726 manat per euro. The rate reached its maximum level on October 27 (1.7125 manat per euro), and the minimum - on October 11 (1.6453 manat per euro).

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