Historic Swiss franc Azerbaijani manat

Swiss franc azerbaijani manat history for February 2024. The highest quote for this month is 1.9649 (01/02/2024) and the lowest 1.9875 (02/02/2024). The difference between high and low is -1.15.

CHF AZN average rate for February 2024 is 1.9398, the change between 01/02/2024 and 29/02/2024 is +1.86 %.

01 February 20241 CHF = 1.971 AZN
02 February 20241 CHF = 1.982 AZN
05 February 20241 CHF = 1.960 AZN
06 February 20241 CHF = 1.952 AZN
07 February 20241 CHF = 1.955 AZN
08 February 20241 CHF = 1.945 AZN
09 February 20241 CHF = 1.946 AZN
12 February 20241 CHF = 1.944 AZN
13 February 20241 CHF = 1.941 AZN
14 February 20241 CHF = 1.915 AZN
15 February 20241 CHF = 1.920 AZN
16 February 20241 CHF = 1.932 AZN
19 February 20241 CHF = 1.930 AZN
20 February 20241 CHF = 1.925 AZN
21 February 20241 CHF = 1.927 AZN
22 February 20241 CHF = 1.933 AZN
23 February 20241 CHF = 1.931 AZN
26 February 20241 CHF = 1.929 AZN
27 February 20241 CHF = 1.932 AZN
28 February 20241 CHF = 1.934 AZN
29 February 20241 CHF = 1.934 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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.