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base info Arbitrum

Arbitrum to Azerbaijani Manat Converter and calculator

Convert 1Arbitrum (ARB) to Azerbaijani Manat (AZN) equals ₼ 2.03 | Bitget

AZN information

About Azerbaijani Manat (AZN)

Azerbaijan's official currency is the Manat (AZN), which is commonly abbreviated as AZN and represented by the symbol ₼. The Manat is comprised of 100 qəpik, which are smaller units of currency.

Historical Background

The original Azerbaijani Manat was first issued in 1919 but was replaced by the Soviet Ruble in 1923. The reintroduction of the Manat in 1992 was a significant step in post-Soviet Azerbaijan’s economic transformation. It signified the nation's departure from the Soviet economic system and was instrumental in laying the foundation for an independent monetary policy.

Design and Symbolism

The design of the Azerbaijani Manat incorporates elements that reflect Azerbaijan’s history, culture, and economic aspirations. Banknotes and coins feature prominent Azerbaijani figures, architectural landmarks, and symbols representing the country's rich cultural heritage and natural resources. These designs serve not only as a medium for financial transactions but also as reminders of the nation's unique identity and pride.

Economic Role

The Manat plays a central role in Azerbaijan’s economy, which is heavily influenced by oil and natural gas production. As the primary currency, it underpins the energy sector, which dominates the economy, and facilitates other key sectors like agriculture, manufacturing, and tourism. The stability of the Manat is crucial for the country's economic health and investor confidence.

Monetary Policy and Stability

Managed by the Central Bank of Azerbaijan, the Manat has experienced various challenges, including inflation and currency devaluation. The bank's monetary policies aim to stabilize the currency, control inflation, and foster a healthy economic environment conducive to growth and investment.

International Trade and the Azerbaijani Manat

In international trade, the stability of the Manat is crucial, particularly for Azerbaijan’s oil and gas exports. A stable Manat is vital for maintaining competitive prices in global markets and for managing the import of goods and services.

Remittances and Economic Impact

Remittances from Azerbaijanis living abroad, particularly in Russia, Turkey, and Europe, are a significant source of foreign income. These remittances, converted into Manats, support families and contribute to the national economy, providing a vital economic buffer.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to AZN, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AZN.

ARB to AZN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arbitrum has changed +3.45% to AZN. Based on the trend and price charts, Arbitrum(ARB) has changed +3.45% to AZN while Azerbaijani Manat(AZN) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₼2.05
0.0001% / 0.0004%vip-iconVIP
Binance
₼2.05
0.1000% / 0.1000%
Yes
OKX
₼2.05
0.080% / 0.100%
Yes
Huobi
₼2.05
0.1000% / 0.1000%
Yes
Gate.io
₼2.05
0.1000% / 0.1000%
Yes
Bybit
₼2.05
0.1000% / 0.1000%
Yes
KuCoin
₼2.05
0.1000% / 0.1000%
Yes
Bitfinex
₼2.05
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 16:00:32(UTC+0)

What factors influence the conversion rate of Arbitrum to Azerbaijani Manat?

Arbitrum to Azerbaijani Manat is falling this week.
Arbitrum's current market price is ₼ 2.03 per ARB, with a total market cap of ₼ 5,391,940,427.82 AZN based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -43.31% (₼ -899,673,492.72 AZN) in the last 24 hours. Last trading day, ARB's trading volume was ₼ 2,077,302,527.43.
Market cap
$3.17B
24h volume
$692.72M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at ₼ 2.03 AZN , which means buying 5 ARB will cost ₼ 10.16 AZN . Similarly, ₼1 AZN can be traded for 0.4922 ARB, and ₼50 AZN can be converted to 24.61 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Azerbaijani Manat has changed by -23.23% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.45%, reaching a high of 2.15 AZN and a low of 1.89 AZN . One month ago, the value of 1 ARB was ₼ 3.1 AZN , which represents a -34.66% change from its current value. Over the last year, Arbitrum has changed by
-
0.7608AZN
, resulting in a change of -27.33% in its value.

ARB to AZN

Amount
16:42 today
0.5 ARB
1.02
1 ARB
2.03
5 ARB
10.16
10 ARB
20.32
50 ARB
101.58
100 ARB
203.17
500 ARB
1,015.84
1000 ARB
2,031.67

AZN to ARB

Amount16:42 today
0.5AZN0.2461  ARB
1AZN0.4922  ARB
5AZN2.46  ARB
10AZN4.92  ARB
50AZN24.61  ARB
100AZN49.22  ARB
500AZN246.1  ARB
1000AZN492.2  ARB
share

Today vs. 24 hours ago

Amount16:42 today24 hours ago24h change
0.5 ARB$0.5976$0.5777
+3.45%
1 ARB$1.2$1.16
+3.45%
5 ARB$5.98$5.78
+3.45%
10 ARB$11.95$11.55
+3.45%
50 ARB$59.76$57.77
+3.45%
100 ARB$119.51$115.54
+3.45%
500 ARB$597.55$577.72
+3.45%
1000 ARB$1,195.1$1,155.44
+3.45%

Today vs. 1 month ago

Amount16:42 today1 month ago1M change
0.5 ARB$0.5976$0.9132
-34.66%
1 ARB$1.2$1.83
-34.66%
5 ARB$5.98$9.13
-34.66%
10 ARB$11.95$18.26
-34.66%
50 ARB$59.76$91.32
-34.66%
100 ARB$119.51$182.64
-34.66%
500 ARB$597.55$913.2
-34.66%
1000 ARB$1,195.1$1,826.41
-34.66%

Today vs. 1 year ago

Amount16:42 today1 year ago1Y change
0.5 ARB$0.5976$0.8213
-27.33%
1 ARB$1.2$1.64
-27.33%
5 ARB$5.98$8.21
-27.33%
10 ARB$11.95$16.43
-27.33%
50 ARB$59.76$82.13
-27.33%
100 ARB$119.51$164.26
-27.33%
500 ARB$597.55$821.31
-27.33%
1000 ARB$1,195.1$1,642.62
-27.33%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.