Manat depreciates against these currencies

12:08 - 22.08.2022


August 22, Fineko/abc.az. In the first half of 2022, the manat exchange rate mainly changed towards strengthening against the currencies of the trading partner countries.

ABC.AZ reports referring to the Monetary Policy Review of the Central Bank that the exchange rate of the manat rose against the euro, Turkish lira, British pound sterling, Kazakh tenge, Japanese yen, Swiss franc, Ukrainian hryvnia, Russian ruble and Georgian lari.

The dynamics of bilateral exchange rates also influenced the dynamics of the multilateral exchange rate. In general, over the period, the nominal effective rate of the manat in terms of non-oil weight in total trade appreciated by 3.6%, while the real effective rate decreased by 5.7%.

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