The manat was exceptionally strong, often trading around ₼0.78 per $1.
While the rate is officially determined by the Central Bank of Azerbaijan , several underlying economic forces put pressure on this "peg": Google Finance dollar manat mezenne
Sharp drops in global oil prices led to two major devaluations in February and December 2015, which eventually saw the manat settle near its current level. The manat was exceptionally strong, often trading around
To combat high dollarization and restore macroeconomic stability, the Central Bank transitioned to a stable exchange rate of 1.70, supported by currency auctions and the State Oil Fund of Azerbaijan (SOFAZ) . Key Factors Influencing the Rate Key Factors Influencing the Rate The (USD/AZN exchange
The (USD/AZN exchange rate) is one of the most critical economic indicators in Azerbaijan, directly impacting everything from daily consumer prices to large-scale international trade. Since 2017, the rate has remained remarkably stable, governed by the Central Bank of Azerbaijan (CBAR) through a regulated peg system. Current USD/AZN Exchange Rate (May 2026)
The "mezenne" has undergone significant transformations over the past decade:
As of early May 2026, the official exchange rate for 1 US Dollar remains at . This fixed-rate policy ensures predictability in the domestic market, although commercial banks may offer slightly different rates for cash transactions. Official CBAR Rate: ₼1.7000 Commercial Bank Buy Rate (Average): ₼1.6950