cba.statistic.export.filtered_empty_data_text
1. In 2023, methodological changes for calculating the effective exchange rate were implemented. Particularly, 5-year fixed averages were replaced by 3-year floating averages. For the calculation of 2023 effective exchange rate were used 2020-2022 averages calculated on the basis of the foreign trade turnover data.
2. Countries covering at least 85% of the entire foreign trade turnover of RA were included in the calculation. The non-commercial turnover, raw materials, as well as export and import volumes of services due to the lack of data by country were excluded from the calculations.
3. The whole series is presented according to the estimates of the Central Bank of the Republic of Armenia and is periodically updated.
4. A rise in the index means appreciation.
5. At the beginning of 2024, the series was updated due to the review of partner country data.