The availability of Azure compute reservations will continue until further notice

Initially planned to end on January 1, 2024, the availability of Azure compute reservation exchanges for Azure Virtual Machine, Azure Dedicated Host and Azure App Service has been extended until further notice.

You may continue exchanging your compute reservations for different instance series and regions until we notify you again, which will be at least 6 months in advance. In addition, any compute reservations purchased during this extended grace period will retain the right to one more exchange after the grace period ends. The extended grace period allows you to better assess your cost savings commitment needs and plan effectively. For more information about the exchange policy change, see Changes to the Azure reservation exchange policy.

Launched in October 2022, the Azure savings plan for compute aims at providing savings on consistent spend, across different compute services, regardless of region. With savings plan's automatic flexibility, we've updated our reservations exchange policy. While instance size flexibility for VMs remains post-grace period, exchanges of instance series or regions for Azure Virtual Machine, Azure Dedicated Host and Azure App Service reservations will no longer be supported.

You may trade-in your Azure Virtual Machine, Azure Dedicated Host and Azure App Service reservations that are used to cover dynamic/evolving workloads for a savings plan or you may continue to use and purchase reservations for stable workloads where the specific configuration needs are known. For more information, see Azure savings plan for compute and how it works with reservations. 

Additionally, read this blog article to learn how to optimize your Azure compute spend with savings plan and reserved instances and access Azure savings plan and Reserved Instances resources found in the Azure Pricing Learning Collections.