Wednesday, August 17 2011 18:42

Real effective foreign currency exchange rate down 7,6% for 5 months


Arminfo. The real effective foreign currency in May 2011 amounted to 128.1, having reduced by 7.6% versus December 2010, and did not change versus April 2011, Central Bank reported.

In May 2011 if compared with May 2010, the real effective exchange rate dropped by 3%. To recall, in 2010 reduction of this indicator was fixed in March, July, August, September and October, and growth - in February, April, May, June, November and December, and in 2011 - in March and April.

At the same time, in May 2011 versus April the nominal effective exchange rate dropped by 0,2%, and by 9% versus December 2010, having amounted to 211.8. In May 2011 versus May 2010 the nominal effective exchange rate dropped by 5,2%. Dropping of the nominal effective exchange rate in 2010 was fixed in March, July, August and October, growth - in February, May, June, September, November and December, and in 2011 - in March and April.
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