Nominal effective exchange rate of manat strengthens by 6%

16:23 - 29.07.2024


July 29, Fineko/abc.az. The total nominal effective exchange rate of the Azerbaijani manat as of July 1, 2024 was 104.4 points.

This is 0.1 (0.1%) points more than on June 1, 2024, ABC.AZ reports with reference to the CBA.

Compared with the beginning of 2024, the nominal effective exchange rate grew by 2.4 points (2.4%), and the annual rate by 5.7 points (5.8%).

The exchange rate for the non-oil sector on July 1 amounted to 173.6 points, which is 0.3 points less than in the monthly comparison, 5.1 points (3%) more than at the beginning of the year, and 17.9 points (11.5%) more than year-on-year.