AZN Market Update
30 Mar 2026 • 00:36 GMT
The Azerbaijani manat (AZN) has remained steady against the US dollar at its three-month average of 0.5882. This stability aligns with recent forecasts from S&P Global and the Central Bank of Azerbaijan, both suggesting the AZN will stay relatively firm, supported by ongoing intervention efforts and expectations for an 8.2% strengthening of the currency's nominal effective rate in 2025.
Meanwhile, against major European currencies like the euro and the British pound, the AZN has seen modest rises. The AZN reached 7-day highs of approximately 0.5120 against the euro and 0.4445 against the pound, both around 1.8% above their respective three-month averages. The currency has also climbed against the yen, with the rate reaching 94.29, its 90-day high and 2.1% above the three-month average.
Furthermore, the AZN has strengthened modestly versus currencies like the Australian dollar, Canadian dollar, and Swiss franc, with 60-day highs near 0.8592, 0.8177, and 0.4705 respectively, indicating a generally stable and slightly appreciating trend amid ongoing positive economic outlooks for Azerbaijan.
