Tuesday, December 20 2011 16:43

Real Effective Exchange Rate up 2.9% for Sept 2011


ArmInfo. Real Effective Exchange Rate (REER) was up 2.9% for Sept 2011 versus Aug 2011 in Armenia, but it was down 7.2% versus December 2010 to 128.6, says the Central Bank of Armenia monthly reference guide.

In Sept 2011 versus Sept 2010 REER fell 4.5%. This indicator suffered decline only in March and July, August, September, and October of 2010 and grew in February, April , May, June, November and December. In the current year REER has showed downward trends since the beginning of the year abd rose only in September.

The Nominal Effective Exchange Rate (NEER) was up 2.3% for Sept versus Aug 2011 and fell 4.5% versus December 2010 to 222.3. In Sept 2011 versus Sept 2011 NEER fell 4.4%. NEER fell in March, July, August, October and grew in February, may, June, September, November and December. In 2011 it fell in February, March, April, July and grew in May, August, and September.
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