Average FX rate to USD rose 0% yoy to 1.70 per USD in Azerbaijan in 1Q2024, according to the National Statistical Office. This is 0% more than in the previous quarter.
Historically, Average FX rate to USD in Azerbaijan reached an all time high of 1.78 per USD in 1Q2017 and an all time low of 0.011 per USD in 4Q1992. When compared to Azerbaijan's main peers, Average FX rate to USD in Azerbaijan amounted to 1.70 per USD, 2.67 per USD in Georgia, 42,000 per USD in Iran and 90.8 per USD in Russia in 1Q2024.
Azerbaijan has been ranked 103rd within the group of 142 countries we follow in terms of Average FX rate to USD, 42 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
| Armenia | per USD | 409 | 398 | 393 | 387 | 387 | ||||||||||||||||
| Azerbaijan | per USD | 1.70 | 1.70 | 1.70 | 1.70 | 1.70 | ||||||||||||||||
| China | per USD | 6.86 | 7.13 | 6.84 | 7.02 | 7.25 | ||||||||||||||||
| Georgia | per USD | 2.82 | 2.73 | 2.64 | 2.56 | 2.62 | ||||||||||||||||
| Germany | per USD | 0.993 | 0.980 | 0.932 | 0.919 | 0.919 | ||||||||||||||||
| Iran | per USD | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | ||||||||||||||||
| Iraq | per USD | 1,450 | 1,450 | 1,350 | 1,300 | 1,300 | ||||||||||||||||
| Japan | per USD | 138 | 142 | 132 | 137 | 144 | ||||||||||||||||
| Pakistan | per USD | 224 | 223 | 261 | 286 | 291 | ||||||||||||||||
| Russia | per USD | 59.4 | 62.4 | 72.8 | 81.0 | 94.1 | ||||||||||||||||
| Turkey | per USD | 17.9 | 18.6 | 18.9 | 20.8 | 26.8 | ||||||||||||||||
| Turkmenistan | per USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| USA | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
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