Historic Azerbaijani manat Pound sterling

Azerbaijani manat pound sterling history for February 2024. The highest quote for this month is 0.46997 (05/02/2024) and the lowest 0.46719 (06/02/2024). The difference between high and low is 0.59.

AZN GBP average rate for February 2024 is 0.46578, the change between 01/02/2024 and 29/02/2024 is -0.12 %.

01 February 20241 AZN = 0.4641 GBP
02 February 20241 AZN = 0.4616 GBP
05 February 20241 AZN = 0.4662 GBP
06 February 20241 AZN = 0.4694 GBP
07 February 20241 AZN = 0.4668 GBP
08 February 20241 AZN = 0.4660 GBP
09 February 20241 AZN = 0.4662 GBP
12 February 20241 AZN = 0.4656 GBP
13 February 20241 AZN = 0.4660 GBP
14 February 20241 AZN = 0.4673 GBP
15 February 20241 AZN = 0.4682 GBP
16 February 20241 AZN = 0.4670 GBP
19 February 20241 AZN = 0.4666 GBP
20 February 20241 AZN = 0.4675 GBP
21 February 20241 AZN = 0.4660 GBP
22 February 20241 AZN = 0.4656 GBP
23 February 20241 AZN = 0.4646 GBP
26 February 20241 AZN = 0.4643 GBP
27 February 20241 AZN = 0.4639 GBP
28 February 20241 AZN = 0.4640 GBP
29 February 20241 AZN = 0.4647 GBP

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.
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