Exchange Rate in Azerbaijan
Azerbaijan - Exchange RateThe economy appears to have lost some momentum in the second quarter of the year, on the heels of a healthy first-quarter expansion which was fueled by the oil sector. Economic activity growth moderated in April–May, largely driven by a downturn in the oil sector: Azerbaijan’s oil output contracted on an annual basis in the period due to maintenance works in April as well as the country’s commitment to OPEC+ oil cuts. This likely weighed on oil export income and dragged on government revenues, eating into gains stemming from higher global oil prices in April–May. Meanwhile, non-oil activity remained buoyant in the first two months of Q2: Healthy non-oil investment activity growth, rising agricultural production and a solid increase in industrial output, excluding the oil-sector production, signaled that other sectors remained strong in the quarter. On top of that, non-oil exports continued surging in April–May.
Azerbaijan - Exchange Rate Data
|Exchange Rate (vs USD)||0.78||0.78||1.03||1.60||1.72|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan Exchange Rate Chart
|Exchange Rate||1.70||-0.66 %||Jul 11|
|Stock Market||0.1||0.0 %||Jul 11|
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