Azerbaijani manat's nominal and real effective exchange rates up

As of February 1, 2024, the nominal effective exchange rate of the Azerbaijani manat compared to foreign currencies was 102.3 points.

Report informs, citing the Central Bank of Azerbaijan, that this was 0.3 points higher than the previous month and 7.4 points more compared to February 1, 2023.

By the end of January, the real effective exchange rate of the manat was 121.5 points, up 0.1 point from a month earlier and 0.1 point from the same period in 2023.