Bank Of Baku

RR declines 29% in Azerbaijan year-on-year

RR declines 29% in Azerbaijan year-on-year
# 16 December 2014 15:05 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. Average exchange rate of manat against USD stood at AZN 0.78, against Euro – at AZN 0.98 and against RR 100 – at AZN 1.71. 

 

State Statistical Committee told APA-Economics that compared to October, exchange rate of manat against remained unchanged in November. IN the compared period, exchange rate of Euro fell 2% (€1 = AZN 1.00).

 

RR 100 made AZN 1.71 in November, while it was AZN 1.93 in October.

 

Generally, compared to USD, exchange rate of manat remained unchanged year-on-year. During the same period, Euro dropped 7.5%, RR – 28.75%. In other word, 1 Euro made AZN 0.98, while it was AZN 1.06 a year ago. RR 100 was sold for AZN 1.71, while it was sold for AZN 2.40 in November, 2013.

 

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