AZN Market Update
24 Jul 2026 • 00:38 GMT
The Azerbaijani manat remains steady against the US dollar, lingering near its 3-month average of 0.5882 AZN/USD. Recent forecasts support stability, with ratings agencies and the Central Bank signaling that the manat's peg and value are unlikely to shift soon. The Central Bank has indicated an expected 8.2% strengthening of the manat's effective rate in 2025, which could help keep inflation in check and provide a positive outlook for those dealing in or planning transactions with AZN.
Against major currencies like the euro and GBP, the AZN has seen some modest strength, trading at recent highs—around 0.5171 against the euro and 0.4419 against the pound sterling. The manat has also strengthened slightly against the euro and the Swiss franc, trading near 0.4806, which is 2.6% above its three-month average.
Meanwhile, the AZN has gained against the Japanese yen and Indian rupee, reaching 96.40 and 56.99 respectively, indicating resilient intra-regional and commodity-linked performance. Overall, these developments suggest the manat remains stable, offering confidence for traders and businesses engaging with Azerbaijani currency.
