Azerbaijan manat real effective exchange rate increases

Azerbaijan manat real effective exchange rate increases
# 26 August 2009 15:23 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. As of August 1, the nominal effective exchange rate (NEER) of the manat (national currency) increased by 0.4% for the trade turnover, and 1.7% for imports but declined by 0.7% for exports during January-July, said the Central Bank of Azerbaijan in a report.

At the same time, the figures increased by 0.1%, 0.1% and 0.2% respectively in July as against June.

The NEER for non-oil sector jumped by 47% during January-July.
Meanwhile, the real effective exchange rate (REER) of the manat declined by 4.2%. The rate increased by 0.8% for non-oil sector on month in July.

Nominal effective exchange rate

Real effective exchange rate

Trade turnover

Imports

Exports

Trade turnover

Imports

Exports

December 2008

100

100

100

100

100

100

January

103.0

104.0

102.2

102.0

102.6

101.5

February

107.9

109.3

106.6

105.5

106.6

104.7

March

107.9

109.7

106.4

104.2

105.2

103.3

April

106.0

107.4

104.8

101.8

102.4

101.1

May

102.9

104.1

101.8

98.2

98.6

97.7

June

100.5

101.7

99.5

95.0

95.5

94.6

July

100.4

101.7

99.3

95.8

96.4

95.4

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