BAKU, Azerbaijan, August 3. Nominal and real effective exchange rate of Azerbaijani manat as of July 1, 2026, has been revealed.
According to Trend's calculations based on data from the Central Bank of Azerbaijan (CBA), the nominal effective exchange rate of the Azerbaijani manat against foreign currencies totaled 103.5 percentage points as of the reporting period, reflecting an increase of 1 percentage point in monthly terms and 0.9 percentage points compared to the same period last year.
At the same time, as of July 1 of this year, the nominal effective exchange rate of the manat in the non-oil sector was 173.8 percentage points, which is an increase of 1.3 percentage points compared to the previous month and 1.2 percentage points compared to the same period of the previous year.
In addition, as of July 1, 2026, the total real effective exchange rate of the manat was 115.2 percentage points. This indicator increased by 0.7 percentage points in monthly terms and remained unchanged in annual terms.
Besides, the real effective exchange rate of the manat in the non-oil sector during the reporting period was 109.5 percentage points, which is an increase of 0.2 percentage points in monthly terms and a decrease of 1.8 percentage points in annual terms.
The dynamics of the manat exchange rate are also reflected in money circulation indicators. According to the CBA, this rate amounted to 3.02 points, growing by 0.06 points, or 2.03%, as of the reporting period compared to June 1 of this year, but decreased by 0.35 points, or 10.4%, compared to the same period last year.
As of June 1 of this year, the manat's circulation rate was 2.96 points, while on July 1 of last year, it was 3.37 points.
According to CBA statistics, the lowest circulation rate of the manat in the last 17 years was recorded in January 2015, at 2.68 points. The highest value was recorded in 2005, at 15.72 points.
According to the CBA Chairman, Taleh Kazimov, the strengthening of the manat and the processes observed in the foreign exchange market are related to several factors.
"In the cash foreign exchange market, dollars are mainly sold by individuals, while the volume of manat deposits and the number of unique depositors continue to grow. The decline in imports weakens the demand for foreign currency, while the strengthening of the manat against the currencies of trading partners creates conditions for a decrease in imported inflation," he explained.
