Azerbaijan - Official exchange rate
Official exchange rate (LCU per US$, period average)
The value for Official exchange rate (LCU per US$, period average) in Azerbaijan was 0.79 as of 2011. As the graph below shows, over the past 19 years this indicator reached a maximum value of 0.98 in 2004 and a minimum value of 0.01 in 1992.
Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
Source: International Monetary Fund, International Financial Statistics.
Topic: Financial Sector Indicators
Sub-Topic: Exchange rates & prices