AZN Market Update
28 Apr 2026 • 00:39 GMT
The Azerbaijani manat (AZN) remains stable against the US dollar, trading near its three-month average of 0.5882. Recent reports from S&P and the Central Bank suggest a steady outlook, with the manat expected to stay pegged to the USD until 2028 and a forecasted 8.2% strengthening in 2025. This stability is supported by ongoing interventions and positive projections for the manat’s value.
against the euro, AZN has been slightly below its recent three-month average, trading at 0.5018, indicating a steady but cautious position. The manat has also seen modest weakness versus the Australian dollar and Canadian dollar, trading at 0.8181 and 0.8013 respectively—both near their 90-day lows. Conversely, the AZN has strengthened slightly against the Indian rupee, trading at around 55.45, above its three-month average, which could reflect increased regional trading activity.
Overall, these developments point to a stable manat environment, supported by Azerbaijan’s consistent economic outlook and central bank policies. Businesses and travelers can expect the AZN to maintain its current levels, barring any unexpected geopolitical or economic shocks.