BAKU, Azerbaijan, September 15. The appreciation of the euro against the Azerbaijani manat occurs against the backdrop of the weakening of the US dollar index, a source in the Central Bank of Azerbaijan (CBA) told Trend.
According to information, at the beginning of this year, the exchange rate of the euro against the manat was 1.75 manat, but now this figure has approached two manat (one euro = 1.9949 manat).
As can be seen from the figures, there is an increase of approximately 14 percent between the indicator in the first months of this year and the last.
The last time the euro exchange rate increased to this level was four years ago.
The source pointed out that in eight months of 2025, the spot dollar index fell by about 10.5 percent (i.e., the US dollar fell against other currencies).
"The main reasons for this weakening include increasing expectations of a softening of US monetary policy, investors' avoidance of dollar investments against the backdrop of US-China trade tensions, the effects of fiscal support measures in Europe on the economy, etc.," the source said.
The source emphasized that the impact of the increase in the euro exchange rate on the Azerbaijani economy is not expected to be significant.
"This is because the depreciation of the dollar is not a permanent process; there is a high probability of a change in the opposite direction after a certain period of time.
The CBA monitors the processes taking place in global financial markets and uses all the tools in its arsenal to maintain macroeconomic stability," added the source.
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