Average FX rate to USD rose 0% to 1.70 per USD in Azerbaijan in 2023, according to the National Statistical Office.
Historically, Average FX rate to USD in Azerbaijan reached an all time high of 1.72 per USD in 2017 and an all time low of 0.001 per USD in 1990. When compared to Azerbaijan's main peers, Average FX rate to USD in Azerbaijan amounted to 1.70 per USD, 2.63 per USD in Georgia, 42,000 per USD in Iran and 85.2 per USD in Russia in 2023.
Azerbaijan has been ranked 121st within the group of 143 countries we follow in terms of Average FX rate to USD, 30 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Armenia | per USD | 483 | 483 | 480 | 489 | 504 | ||||||||||||||||
| Azerbaijan | per USD | 1.72 | 1.70 | 1.70 | 1.70 | 1.70 | ||||||||||||||||
| China | per USD | 6.76 | 6.62 | 6.91 | 6.90 | 6.45 | ||||||||||||||||
| Georgia | per USD | 2.51 | 2.53 | 2.82 | 3.11 | 3.22 | ||||||||||||||||
| Germany | per USD | 0.891 | 0.854 | ... | ... | ... | ... | ... | ||||||||||||||
| Iran | per USD | 33,226 | 40,864 | 42,000 | 42,000 | 42,000 | ||||||||||||||||
| Iraq | per USD | 1,184 | 1,183 | 1,182 | 1,192 | 1,450 | ||||||||||||||||
| Japan | per USD | 112 | 110 | 109 | 107 | 110 | ||||||||||||||||
| Pakistan | per USD | 105 | 122 | 150 | 162 | 163 | ||||||||||||||||
| Russia | per USD | 58.3 | 62.7 | 64.7 | 72.1 | 73.7 | ||||||||||||||||
| Turkey | per USD | 3.65 | 4.83 | 5.67 | 7.01 | 8.85 | ||||||||||||||||
| Turkmenistan | per USD | 17,269 | 17,039 | ... | ... | ... | ... | ... | ||||||||||||||
| USA | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
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