Real effective exchange rate of Azerbaijani manat up 5 per cent in September

Baku. 4 October. REPORT.AZ/ As of September 1, 2018 the real effective exchange rate of Azerbaijani manat amounted to 100.3, up 4.9 percentage points compared to August and 8.1 percentage growth by contrast to a year earlier, Report informs citing the Central Bank of Azerbaijan.

The growth in real effective exchange rate was caused by decline in currencies of Azerbaijan’s trade partners against dollar. Real effective exchange rate of manat has been calculated since 2000. The lowest level was recorded in 2004 (74.2) and the highest level in January 2005 (153.1). Since the financial crisis started, the lowest rate was on September 1, 2016 (87).