AZN Market Update
31 Mar 2026 • 00:38 GMT
The Azerbaijani manat (AZN) remains steady against the US dollar, trading at its three-month average of 0.5882. Recent developments point to a stable outlook, with S&P forecasting that the AZN will stay pegged to the dollar through 2028. Additionally, the Azerbaijani Central Bank expects the manat to strengthen by around 8.2% in 2025, which could help keep the currency stable and supportive for local businesses and international transactions.
Against other currencies, the AZN has seen some gains. It has risen to new 7-day highs versus the euro, around 0.5134, and similarly against the British pound at approximately 0.4466, both roughly 2% above their three-month averages. The currency also reached 60-day highs against the Australian dollar and the Canadian dollar, near 0.8594 and 0.8194 respectively, indicating broad strength amid stable trading.
Overall, the AZN continues to demonstrate resilience amid global uncertainties. Investors and traders can expect the manat to stay relatively steady, supported by ongoing monetary policy actions and positive economic outlooks.
