The Currency Market in Azerbaijan: Realities, Volatility and Perspectives

The Currency Market in Azerbaijan: Realities, Volatility and Perspectives The dollar /manat (AZN) spot exchange rate specifies how much one currency, the US dollar (USD), is currently worth in terms of the other, the manat . On the first of February 2017, the exchange rate of the national currency of Azerbaijan, the manat, hit a new record low; namely, 1 USD was exchanged for 1.92 AZN. Illegal black markets and psychological factors such as a lack of publicly available information... Read More