Microsoft will stop allowing exchanges on Azure compute and database reservations bought on or after February 1, 2027, wherever the service is also covered by savings plans — virtual machines, App Service and SQL Database among them. Reservations bought before that date keep one final exchange, but the swap produces a non-exchangeable reservation, and auto-renewals that run after the cutoff count as new purchases with no exchange rights. Refunds, capped at $50,000 of canceled commitment per rolling 12-month window, and trade-ins to a savings plan aren’t changing. If your workloads may shift regions or VM series, review your reservations and renewal settings before February — and confirm the details in the Azure portal or with your partner.
Source: Microsoft Learn — Azure reservation exchange policy changes ↗