Indicator notes

Pressure on the Azerbaijani manat on July 20, 2022: 44.4 out of 100, in the “Low pressure” zone. The previous reading, on July 19, 2022, was 45.7 (“Moderate pressure”): the indicator fell slightly by 1.3 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 11 trading days in a row. Biggest component moves: “Currency weakening” at 75.1 versus 80.5 and “Exchange rate volatility” at 31.6 versus 31.5. This describes that date's reading; it is not a forecast.

Pressure on the Azerbaijani manat on July 5, 2022: 45.7 out of 100, in the “Moderate pressure” zone. The previous reading, on July 2, 2022, was 41.4 (“Low pressure”): the indicator rose by 4.3 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 12 trading days in a row. Biggest component moves: “International reserves” at 28.1 versus 10.9 and “Exchange rate volatility” at 31.1 versus 31.0. This describes that date's reading; it is not a forecast.

Pressure on the Azerbaijani manat on June 17, 2022: 41.3 out of 100, in the “Low pressure” zone. The previous reading, on June 16, 2022, was 46.8 (“Moderate pressure”): the indicator fell by 5.5 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 28 trading days in a row. Biggest component moves: “Central bank policy rate” at 41.9 versus 64.2 and “Currency weakening” at 82.8 versus 82.9. This describes that date's reading; it is not a forecast.

Pressure on the Azerbaijani manat on May 5, 2022: 46.2 out of 100, in the “Moderate pressure” zone. The previous reading, on April 30, 2022, was 65.9 (“High pressure”): the indicator fell sharply by 19.7 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Biggest component moves: “International reserves” at 0.1 versus 44.1 and “Exchange rate volatility” at 29.0 versus 63.7. This describes that date's reading; it is not a forecast.

Pressure on the Azerbaijani manat on February 3, 2022: 69.8 out of 100, in the “High pressure” zone. The previous reading, on February 2, 2022, was 56.2: the indicator rose sharply by 13.6 points. That meets our shift threshold of 10 points; the zone did not change. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Biggest component moves: “International reserves” at 43.4 versus 2.6 and “Exchange rate volatility” at 83.9 versus 84.0. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Azerbaijani manat on December 22, 2021: 64.2 out of 100, in the “High pressure” zone. The previous reading, on December 21, 2021, was 49.1 (“Moderate pressure”): the indicator rose sharply by 15.1 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 32 trading days in a row. Biggest component moves: “Exchange rate volatility” at 83.2 versus 37.7 and “Central bank policy rate” at 94.0 versus 94.1. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Azerbaijani manat on November 4, 2021: 52.9 out of 100, in the “Moderate pressure” zone. The previous reading, on November 3, 2021, was 61.5 (“High pressure”): the indicator fell by 8.6 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Biggest component moves: “International reserves” at 23.5 versus 49.1 and “Central bank policy rate” at 99.1 versus 99.3. 3 of 4 components were available. This describes that date's reading; it is not a forecast.