Exchange Rate in Azerbaijan
Azerbaijan - Exchange RateThe economy expanded 2.7% in the January-July period compared to the same period of 2020, accelerating from the 2.1% growth recorded in January-June. The non-oil sector led the upturn, increasing by over 5% in the first seven months of the year, whereas the oil sector contracted 3.1%. Industrial production swung from a slight dip in June to a healthy increase in July, underpinning the recovery. On the downside, capital spending weakened again in year-on-year terms in July. Meanwhile, in early August, President Ilham Aliyev called on state officials to rein in spending by refraining from investing in unproductive projects, with prioritization key as the country looks to reconstruct territories gained following the conflict with Armenia. On the external front, the country recently opened its first trade office in Israel to strengthen trade ties and attract investment.
Azerbaijan - Exchange Rate Data
|Exchange Rate (vs USD)||1.03||1.60||1.72||1.70||1.70|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan Exchange Rate Chart
|Exchange Rate||1.70||-0.66 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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