AZN Market Update
04 Jul 2026 • 00:39 GMT
The Azerbaijani manat (AZN) remains stable against the US dollar, holding at its 3-month average of 0.5882. Recent reports from S&P and the Central Bank of Azerbaijan suggest a steady outlook, with the AZN expected to stay pegged at around 1.7 AZN per USD until 2028 and a forecasted 8.2% strengthening in 2025. This is likely to support the currency’s stability. Meanwhile, other major currencies have seen varied movements: the AZN has weakened slightly against the euro and GBP, trading near seven- and fourteen-day lows respectively. Conversely, the AZN has gained modestly against the Australian dollar and Canadian dollar, trading above their recent averages. Overall, the AZN's position remains steady amid supporting factors, making it suitable for transactions and planning in the near term. Traders and businesses should watch for the ongoing stability and the potential for gradual appreciation as economic policies and external conditions continue to support the manat.