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Dai to Azerbaijani Manat Converter and calculator

Convert 1Dai (DAI) to Azerbaijani Manat (AZN) equals ₼ 1.7 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Dai(DAI) to Azerbaijani Manat(AZN). This is the real-time data. The current conversion shows 1 DAI at a value of 1 DAI for 1.70 AZN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Dai currency pair is the DAI to AZN, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AZN.

DAI to AZN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.01% to AZN. Based on the trend and price charts, Dai(DAI) has changed +0.01% to AZN while Azerbaijani Manat(AZN) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₼1.7
0.0001% / 0.0004%vip-iconVIP
Kraken
₼1.7
0.1000% / 0.1000%
Yes
OKX
₼1.7
0.080% / 0.100%
Yes
Huobi
₼1.7
0.1000% / 0.1000%
Yes
Gate.io
₼1.7
0.1000% / 0.1000%
Yes
Bybit
₼1.7
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 14:00:27(UTC+0)

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

Dai to Azerbaijani Manat is rising this week.
Dai's current market price is ₼ 1.7 per DAI, with a total market cap of ₼ 9,092,716,340.18 AZN based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by +8.47% (₼ 124,195,374.61 AZN) in the last 24 hours. Last trading day, DAI's trading volume was ₼ 1,466,972,686.54.
Market cap
$5.35B
24h volume
$935.98M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is decreasing.
1 DAI is currently valued at ₼ 1.7 AZN , which means buying 5 DAI will cost ₼ 8.5 AZN . Similarly, ₼1 AZN can be traded for 0.5882 DAI, and ₼50 AZN can be converted to 29.41 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Azerbaijani Manat has changed by +0.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 1.7 AZN and a low of 1.7 AZN . One month ago, the value of 1 DAI was ₼ 1.7 AZN , which represents a -0.00% change from its current value. Over the last year, Dai has changed by
+
0.0003901AZN
, resulting in a change of +0.02% in its value.

DAI to AZN

Amount
14:36 today
0.5 DAI
0.8501
1 DAI
1.7
5 DAI
8.5
10 DAI
17
50 DAI
85.01
100 DAI
170.02
500 DAI
850.12
1000 DAI
1,700.24

AZN to DAI

Amount14:36 today
0.5AZN0.2941  DAI
1AZN0.5882  DAI
5AZN2.94  DAI
10AZN5.88  DAI
50AZN29.41  DAI
100AZN58.82  DAI
500AZN294.08  DAI
1000AZN588.15  DAI
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Today vs. 24 hours ago

Amount14:36 today24 hours ago24h change
0.5 DAI$0.5001$0.5000
+0.01%
1 DAI$1$1
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50.01$50
+0.01%
100 DAI$100.01$100.01
+0.01%
500 DAI$500.07$500.05
+0.01%
1000 DAI$1,000.14$1,000.09
+0.01%

Today vs. 1 month ago

Amount14:36 today1 month ago1M change
0.5 DAI$0.5001$0.5001
-0.00%
1 DAI$1$1
-0.00%
5 DAI$5$5
-0.00%
10 DAI$10$10
-0.00%
50 DAI$50.01$50.01
-0.00%
100 DAI$100.01$100.01
-0.00%
500 DAI$500.07$500.07
-0.00%
1000 DAI$1,000.14$1,000.14
-0.00%

Today vs. 1 year ago

Amount14:36 today1 year ago1Y change
0.5 DAI$0.5001$0.5000
+0.02%
1 DAI$1$0.9999
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50.01$50
+0.02%
100 DAI$100.01$99.99
+0.02%
500 DAI$500.07$499.96
+0.02%
1000 DAI$1,000.14$999.91
+0.02%

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.