Effective rate of Azerbaijani manat increases over year

As of December 1 this year, the nominal effective exchange rate of the Azerbaijani manat against foreign currencies was 96.6 points, Report informs referring to the Central Bank of Azerbaijan (CBA).

This is 2 points less than the indicator for the previous month, 11.2 points more than the indicator at the beginning of the year and 15.3 points more than last year’s figure.

The real effective rate of the manat as of the end of November was 123.2 points. This indicator decreased by 2.1 points in monthly comparison, increased by 9.6 points in comparison with the beginning of the year and by 13.7 points in annual comparison.