Real effective exchange rate of Azerbaijani manat drops

As of October 1, the nominal effective exchange rate of the Azerbaijani manat against foreign currencies was 103.5 points, Report informs, citing the Central Bank of Azerbaijan.

This figure is 0.2 points less compared to the previous month, 1.5 points more compared to the beginning of the year, and 0.4 points more compared to the same month last year.

As of October 1, the real effective exchange rate of the Azerbaijani manat was 118.2 points. This is 0.6 points less compared to the previous month, 3.2 points less compared to the beginning of the year, and 5.1 points less compared to the same month last year.