How to exchange currency in Azerbaijan: key tips for AZN, USD, and EUR
August 23, 2024
Currency Exchange • USD to AZN • EUR to AZN
Currency Exchange • USD to AZN • EUR to AZN
If you're traveling to Azerbaijan, it's essential to familiarize yourself with the local currency, the Azerbaijani Manat (AZN), and how it relates to major global currencies such as the US Dollar (USD) and the Euro (EUR). This guide will walk you through the exchange rates, how easy it is to change currency, and other useful tips for managing your money during your trip.
How AZN is linked to USD and EUR?
The Azerbaijani Manat (AZN) is managed by the Central Bank of Azerbaijan, ensuring its relative stability against major currencies. This makes currency exchanges straightforward, especially if you're dealing with USD.
Exchange rates for USD
The exchange rate for USD to AZN is quite stable across different banks in Azerbaijan. If you are converting $100, you will typically receive between 169 AZN and 169.7 AZN. The small variation of just 0.7 AZN means that there is little need to shop around for the best exchange rate when using USD. This makes exchanging USD in Baku both convenient and reliable, especially for tourists.
Exchange rates for EUR
For those dealing with EUR, the exchange rate can be a bit more variable. On 7 September 2024, for example, €100 could fetch between 185.18 AZN and 187.20 AZN. This results in a 2 AZN difference for every €100 depending on the bank, which means it might be worth checking rates at a few different banks, especially if you plan to exchange larger sums of money. The EUR to AZN exchange rate can fluctuate more than USD, so keep that in mind.
Currency exchange in Baku
Whether you are dealing with USD or EUR, exchanging currency in Baku is easy and widely available. Most banks accept both currencies, so you can choose the one most convenient for you. Banks are the primary locations for currency exchange in Baku, especially around tourist areas and major hotels, so you shouldn’t have trouble finding a place to convert your money.
Final tips
- If you are exchanging USD, you don’t need to worry much about rate differences.
- For EUR, it may be worth checking a few banks to find the best rate, especially if you’re exchanging larger amounts.
- It’s always a good idea to have some AZN on hand for smaller purchases, but credit cards are widely accepted in most places.
With this information, you'll be well-prepared to manage your money during your trip to Azerbaijan. Safe travels and enjoy your time exploring this beautiful country!
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