AZN Market Update
09 Jun 2026 • 00:39 GMT
The Azerbaijani manat (AZN) remains steady against the US dollar at its 3-month average of 0.5882, showing stability amid broader dollar strength. Recent signals from Azerbaijan’s central bank suggest a positive outlook for the manat, with projections indicating an 8.2% strengthening of the nominal effective exchange rate in 2025, potentially boosting confidence among investors and businesses. This, combined with S&P’s forecast of the AZN remaining pegged to the dollar until 2028, supports a stable exchange rate environment.
Against other major currencies, the AZN has seen modest advances: it is near its 14-day high against the British pound at 0.4413, and at 0.8211 against the Canadian dollar, both just above their three-month averages. The currency is also close to recent highs against the Swiss franc at 0.4696 and slightly above its 3-month average against the Indian rupee at 56.29.
Overall, the AZN’s stable pattern combined with positive outlook indicators points to a steady trajectory in the near term, providing a degree of confidence for international transactions involving Azerbaijan’s currency.