How Has The Azerbaijan Currency To PKR Changed Over Time?

Currency Margins Fluctuation

The exchange rate between the Azerbaijani manat (AZN) and the Pakistani rupee (PKR) has fluctuated significantly over the past few years. In 2015, 1 AZN was worth approximately 45 PKR. By 2018, that number had risen to 55 PKR. However, in 2019, the value of the AZN fell sharply, and 1 AZN was only worth 40 PKR.

This decline was largely due to the economic crisis that hit Azerbaijan in 2019. The country's economy is heavily dependent on oil exports, and when the price of oil fell in 2019, the value of the AZN also fell.

Since 2020

In 2020, the value of the AZN began to recover, and by 2021, 1 AZN was worth approximately 45 PKR again. However, in 2022, the value of the AZN fell once again, and 1 AZN is now worth around 40 PKR.

The recent decline in the value of the AZN is largely due to the ongoing economic crisis in Azerbaijan. The country's economy has been hit hard by the COVID-19 pandemic, and the government has been forced to devalue the AZN in order to boost exports.

Azerbaijan Currency To Pkr