AZN Market Update
18 Jul 2026 • 01:22 GMT
The Azerbaijani manat remains steady against the US dollar at its three-month average of 0.5882. Recent developments suggest a stable outlook for AZN, supported by forecasts of continued intervention to maintain the currency peg and expectations of a modest 8.2% strengthening in the nominal effective exchange rate this year. This balance contributes to a stable environment for businesses and travelers dealing with AZN.
In the currency markets, AZN has maintained a steady position against major currencies. The most notable moves include a slight rise against the euro at 0.5142, which is above its three-month average, and a small decline against the British pound at 0.4374, just below its average. The manat has also seen modest strength against the Canadian dollar, trading near 0.8247, and has appreciated slightly against the Indian rupee, near 56.85.
Overall, the manat's stability against these major currencies, combined with the strong foundational forecasts and interventions, suggests an outlook of relative stability in the near term.