Effective exchange rates of Azerbaijani manat up

As of July 1, 2023, the nominal effective exchange rate of the Azerbaijani manat against foreign currencies was 98.7 points.

Referring to the Central Bank of Azerbaijan, Report informs that this is 2.6 points more than the previous month, 3.5 points more than the beginning of the year, and 6.8 points more than a year earlier.

As of the end of June this year, the real effective exchange rate of the manat was 123.3 points, up 1.3 points from the previous month, 1 point from early 2023, and 9 points from the same period of 2022.