Paşha Bank
Bank Of Baku

Azeri manat strengthens against main currencies in 2010

Azeri manat strengthens against main currencies in 2010
# 05 January 2011 08:45 (UTC +04:00)
According to APA-Economics calculations, this was caused by rate dynamics of the same currencies against each other.

Thus, according to results of 2010, euro has decreased by 8.2% against USD and this influenced on the rates of these currencies against manat.

At the same time, note that, the rate of manta against dollar has decreased but the dollar has fallen at the end of the year. Manat ended more higher against Euro.







As you see, exchange rate of USD remained unchanged in January-August, but as the result of processes at the world markets dollar has decreased sharply, during the latest months.


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