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Exchange rates for the euro in Azerbaijan / EUR 1 = AZN ... (middle)

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Time series key BBEX3.A.AZN.EUR.CA.AC.A04
Unit AZN
Dimension one
Timespan from 2006 to 2023
Last update 12.01.2024 02:12:30 PM
   
General Currency conversion with effect from 1 January 2006 at the rate of 5,000 (old) Azerbaijan manat (AZM) = 1 (new) Azerbaijan manat (AZN); for exchange rates until 2005, see BBEX3:A:AZM:EUR:CA:AC:A04.
Methodology Calculated on the basis of mid-month and month-end rates.
Source Central Bank of Azerbaijan, Baku (formerly: National Bank of Azerbaijan).
   
Comment on 2015 The Azerbaijan manat was devalued on 21 February 2015. We recorded the following exchange rates: 20 February 2015: EUR 1 = AZN 0.8934 21 February 2015: EUR 1 = AZN 1.1950 Calculated devaluation: 25.2 %. With effect from 21 December 2015, the de facto peg of the Azerbaijan manat to the US dollar was abandoned. We recorded the following exchange rates: 18 December 2015: EUR 1 = AZN 1.1394 21 December 2015: EUR 1 = AZN 1.6850 Calculated devaluation: 32.4 %.