Historic Hungarian forint Azerbaijani manat

Hungarian forint azerbaijani manat history for January 2024. The highest quote for this month is 0.004911 (08/01/2024) and the lowest 0.004953 (05/01/2024). The difference between high and low is -0.86.

HUF AZN average rate for January 2024 is 0.00485, the change between 01/01/2024 and 31/01/2024 is +2.89 %.

05 January 20241 HUF = 0.0049 AZN
08 January 20241 HUF = 0.0049 AZN
09 January 20241 HUF = 0.0049 AZN
10 January 20241 HUF = 0.0049 AZN
11 January 20241 HUF = 0.0049 AZN
12 January 20241 HUF = 0.0049 AZN
15 January 20241 HUF = 0.0049 AZN
16 January 20241 HUF = 0.0049 AZN
17 January 20241 HUF = 0.0049 AZN
18 January 20241 HUF = 0.0049 AZN
19 January 20241 HUF = 0.0048 AZN
22 January 20241 HUF = 0.0048 AZN
23 January 20241 HUF = 0.0048 AZN
24 January 20241 HUF = 0.0048 AZN
25 January 20241 HUF = 0.0048 AZN
26 January 20241 HUF = 0.0048 AZN
29 January 20241 HUF = 0.0048 AZN
30 January 20241 HUF = 0.0047 AZN
31 January 20241 HUF = 0.0048 AZN

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.

20/12/2015: Devaluation

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

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

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.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

14/06/2001: Currency Reform

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

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

31/12/1993: Hyperinflation

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

14/08/1992: Introduction of Manat

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

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.