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base info Avalanche

Avalanche to Azerbaijani Manat Converter and calculator

Convert 1Avalanche (AVAX) to Azerbaijani Manat (AZN) equals ₼ 59.76 | 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.

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

AVAX to AZN conversion rate trend

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In the past 1D, Avalanche has changed +2.76% to AZN. Based on the trend and price charts, Avalanche(AVAX) has changed +2.76% to AZN while Azerbaijani Manat(AZN) has changed % to AVAX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₼60.07
0.0001% / 0.0004%vip-iconVIP
Binance
₼59.89
0.1000% / 0.1000%
Yes
Coinbase Exchange
₼59.94
0.1000% / 0.1000%
Yes
Kraken
₼60.35
0.1000% / 0.1000%
Yes
OKX
₼59.92
0.080% / 0.100%
Yes
Huobi
₼59.89
0.1000% / 0.1000%
Yes
Gate.io
₼59.89
0.1000% / 0.1000%
Yes
Bybit
₼60.07
0.1000% / 0.1000%
Yes
KuCoin
₼59.89
0.1000% / 0.1000%
Yes
Bitfinex
₼59.94
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 13:00:30(UTC+0)

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

Avalanche to Azerbaijani Manat is falling this week.
Avalanche's current market price is ₼ 59.76 per AVAX, with a total market cap of ₼ 22,586,990,086.44 AZN based on a circulating supply of 377,989,820 AVAX. The trading volume of Avalanche has changed by -1.51% (₼ -17,595,616.12 AZN) in the last 24 hours. Last trading day, AVAX's trading volume was ₼ 1,164,424,334.52.
Market cap
$13.29B
24h volume
$674.61M
Circulating supply
377.99M AVAX

Conversion tables

The exchange rate of Avalanche is decreasing.
1 AVAX is currently valued at ₼ 59.76 AZN , which means buying 5 AVAX will cost ₼ 298.78 AZN . Similarly, ₼1 AZN can be traded for 0.01673 AVAX, and ₼50 AZN can be converted to 0.8367 AVAX, excluding any platform or gas fees.
The exchange rate of 1 AVAX to Azerbaijani Manat has changed by -21.52% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.76%, reaching a high of 61.18 AZN and a low of 54.42 AZN . One month ago, the value of 1 AVAX was ₼ 90.51 AZN , which represents a -33.98% change from its current value. Over the last year, Avalanche has changed by
+
9.96AZN
, resulting in a change of +82.20% in its value.

AVAX to AZN

Amount
13:19 today
0.5 AVAX
29.88
1 AVAX
59.76
5 AVAX
298.78
10 AVAX
597.56
50 AVAX
2,987.78
100 AVAX
5,975.56
500 AVAX
29,877.78
1000 AVAX
59,755.55

AZN to AVAX

Amount13:19 today
0.5AZN0.008367  AVAX
1AZN0.01673  AVAX
5AZN0.08367  AVAX
10AZN0.1673  AVAX
50AZN0.8367  AVAX
100AZN1.67  AVAX
500AZN8.37  AVAX
1000AZN16.73  AVAX
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Today vs. 24 hours ago

Amount13:19 today24 hours ago24h change
0.5 AVAX$17.58$17.1
+2.76%
1 AVAX$35.15$34.21
+2.76%
5 AVAX$175.75$171.03
+2.76%
10 AVAX$351.5$342.07
+2.76%
50 AVAX$1,757.52$1,710.33
+2.76%
100 AVAX$3,515.03$3,420.65
+2.76%
500 AVAX$17,575.16$17,103.27
+2.76%
1000 AVAX$35,150.33$34,206.54
+2.76%

Today vs. 1 month ago

Amount13:19 today1 month ago1M change
0.5 AVAX$17.58$26.62
-33.98%
1 AVAX$35.15$53.24
-33.98%
5 AVAX$175.75$266.2
-33.98%
10 AVAX$351.5$532.41
-33.98%
50 AVAX$1,757.52$2,662.04
-33.98%
100 AVAX$3,515.03$5,324.07
-33.98%
500 AVAX$17,575.16$26,620.37
-33.98%
1000 AVAX$35,150.33$53,240.74
-33.98%

Today vs. 1 year ago

Amount13:19 today1 year ago1Y change
0.5 AVAX$17.58$9.65
+82.20%
1 AVAX$35.15$19.29
+82.20%
5 AVAX$175.75$96.46
+82.20%
10 AVAX$351.5$192.92
+82.20%
50 AVAX$1,757.52$964.62
+82.20%
100 AVAX$3,515.03$1,929.24
+82.20%
500 AVAX$17,575.16$9,646.18
+82.20%
1000 AVAX$35,150.33$19,292.35
+82.20%

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.