AZN Market Update
13 Jun 2026 • 01:31 GMT
The Azerbaijani manat (AZN) remains steady against the US dollar, holding at its 3-month average of 0.5882. Recent forecasts from S&P suggest the AZN will stay pegged to the USD at around 1.7 AZN per dollar through 2028, supported by ongoing market interventions. Meanwhile, Azerbaijan's Central Bank anticipates the AZN could strengthen by 8.2% this year, which may help keep inflation in check and support the currency.
Compared to major currencies, the AZN maintains relative stability. It is near its 3-month average against the euro and the yen, with small fluctuations. against the British pound, the AZN trades near a 7-day low, but still within a tight range. The currency also recently reached a 90-day high against the Canadian dollar, which could reflect positive confidence in Azerbaijan's economic outlook.
Overall, these signals point to a stable albeit cautiously strengthening AZN, making it a reliable option for businesses and travelers involved with the currency. The USD, however, continues to benefit from US economic data and dollar-buying sentiment, keeping its position as the dominant currency in the short term.