Friday, February 24 2012 18:10

Real effective foreign currency exchange rate down 8,9% for Jan-Nov 2011


Arminfo. The real effective foreign currency exchange rate in November 2011 was down 8,9% versus December 2010, and 0,9% versus October having amounted to 126,3, Armenian Central Bank reported.

The dropping of the real effective exchange rate was 6,2% in Nov 2011 versus November 2010. To recall, in 2011 the growth of this indicator was fixed in January and September and dropping in the rest months.

At the same time, the nominal effective exchange rate for Nov 2011 versus October dropped by 1,54%, and by 6,5% versus December 2010 and amounted to 217,6. The nominal effective exchange rate dropped by 4,9% versus Nov 2010. The dropping of the nominal effective exchange rate in 2011 was fixed in January, February, March and April, and growth - in May, June, July, August and September. Then dropping was again fixed in October and November.
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