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Analysis of currency rate dynamics of Azerbaijani manat against euro in November 2022

Finance Materials 5 December 2022 11:11 (UTC +04:00)
Analysis of currency rate dynamics of Azerbaijani manat against euro in November 2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 5. Azerbaijani manat weakened against the euro at the end of November compared to the beginning of the month, says Trend's analysis, based on the statistics of Azerbaijan's Central Bank.

As of November 30, the rate increased up to 1.7602 manat per euro.

According to the above currency rate dynamics, the largest increase in the rate was recorded on November 5 (up by 1.74 percent or 0.0289 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 November 17 it almost reached a monthly maximum (1.7632), then a slight decline in the value of the euro against the manat followed. So, on November 21, the rate fell by 0.0147 manat (0.83 percent) compared to the previous day, to 1.7475 manat per euro.

In the reporting month, the average rate was 1.7351 manat per euro. The rate reached its maximum level on November 24 (1.7759 manat per euro), and the minimum - on November 4 (1.6637 manat per euro).

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