The Effect of Oil Price Fluctuations on the Exchange Rate of the National Currency of Azerbaijan: Assessment of the years 2014-2017

The Effect of Oil Price Fluctuations on the Exchange Rate of the National Currency of Azerbaijan: Assessment of the years 2014-2017 Since the year 2014, falling oil prices continued. In the beginning of 2016, oil prices bottomed at about USD 29 /bbl, but a gradual increase was recorded towards the end of the year. During 2016, an upward trend in oil prices was obvious, despite market interventions and the lower than average annual price of oil (USD 43.55 /bbl) compared to 2015.4... Read More