AZN Market Update
15 May 2026 • 00:41 GMT
The Azerbaijani manat (AZN) remains steady against the US dollar, holding at its 3-month average of 0.5882. Recent economic outlooks suggest stability for the manat, supported by the Central Bank’s projection of an 8.2% strengthening in its effective exchange rate this year. This favorable outlook, along with the S&P forecast of the manat’s peg to the US dollar remaining firm at 1.7 AZN per USD until 2028, points to a stable currency environment.
Compared to other currencies, the AZN has gained some ground against the Australian dollar and Indian rupee, with recent trades near four-week highs. However, against the euro and British pound, the AZN remains close to recent 30-day highs, trading within narrow ranges. The yen has seen a slight increase, trading just above its 3-month average.
Overall, the manat’s stability continues amid supportive forecasts and steady foreign exchange movements. For travelers, exporters, and investors, this suggests a predictable environment for currency transactions involving the AZN in the near term.