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base info Polygon

Polygon to Azerbaijani Manat Converter and calculator

Convert 1Polygon (MATIC) to Azerbaijani Manat (AZN) equals ₼ 1.15 | 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 Polygon currency pair is the MATIC to AZN, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AZN.

MATIC to AZN conversion rate trend

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In the past 1D, Polygon has changed -0.45% to AZN. Based on the trend and price charts, Polygon(MATIC) has changed -0.45% to AZN while Azerbaijani Manat(AZN) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₼1.15
0.0001% / 0.0004%vip-iconVIP
Binance
₼1.14
0.1000% / 0.1000%
Yes
Coinbase Exchange
₼1.15
0.1000% / 0.1000%
Yes
Kraken
₼1.15
0.1000% / 0.1000%
Yes
OKX
₼1.14
0.080% / 0.100%
Yes
Huobi
₼1.14
0.1000% / 0.1000%
Yes
Gate.io
₼1.14
0.1000% / 0.1000%
Yes
Bybit
₼1.15
0.1000% / 0.1000%
Yes
KuCoin
₼1.14
0.1000% / 0.1000%
Yes
Bitfinex
₼1.15
0.1000% / 0.1000%
Yes
Last updated 2024/04/18 20:00:32(UTC+0)

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

Polygon to Azerbaijani Manat is falling this week.
Polygon's current market price is ₼ 1.15 per MATIC, with a total market cap of ₼ 11,349,795,334.59 AZN based on a circulating supply of 9,894,742,000 MATIC. The trading volume of Polygon has changed by +3.44% (₼ 17,082,962.24 AZN) in the last 24 hours. Last trading day, MATIC's trading volume was ₼ 496,193,860.95.
Market cap
$6.68B
24h volume
$301.93M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at ₼ 1.15 AZN , which means buying 5 MATIC will cost ₼ 5.74 AZN . Similarly, ₼1 AZN can be traded for 0.8718 MATIC, and ₼50 AZN can be converted to 43.59 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Azerbaijani Manat has changed by -23.09% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.45%, reaching a high of 1.17 AZN and a low of 1.11 AZN . One month ago, the value of 1 MATIC was ₼ 1.65 AZN , which represents a -30.34% change from its current value. Over the last year, Polygon has changed by
-
0.7359AZN
, resulting in a change of -39.10% in its value.

MATIC to AZN

Amount
20:03 today
0.5 MATIC
0.5735
1 MATIC
1.15
5 MATIC
5.74
10 MATIC
11.47
50 MATIC
57.35
100 MATIC
114.71
500 MATIC
573.53
1000 MATIC
1,147.05

AZN to MATIC

Amount20:03 today
0.5AZN0.4359  MATIC
1AZN0.8718  MATIC
5AZN4.36  MATIC
10AZN8.72  MATIC
50AZN43.59  MATIC
100AZN87.18  MATIC
500AZN435.9  MATIC
1000AZN871.8  MATIC
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Today vs. 24 hours ago

Amount20:03 today24 hours ago24h change
0.5 MATIC$0.3374$0.3389
-0.45%
1 MATIC$0.6747$0.6778
-0.45%
5 MATIC$3.37$3.39
-0.45%
10 MATIC$6.75$6.78
-0.45%
50 MATIC$33.74$33.89
-0.45%
100 MATIC$67.47$67.78
-0.45%
500 MATIC$337.37$338.9
-0.45%
1000 MATIC$674.74$677.8
-0.45%

Today vs. 1 month ago

Amount20:03 today1 month ago1M change
0.5 MATIC$0.3374$0.4842
-30.34%
1 MATIC$0.6747$0.9684
-30.34%
5 MATIC$3.37$4.84
-30.34%
10 MATIC$6.75$9.68
-30.34%
50 MATIC$33.74$48.42
-30.34%
100 MATIC$67.47$96.84
-30.34%
500 MATIC$337.37$484.2
-30.34%
1000 MATIC$674.74$968.4
-30.34%

Today vs. 1 year ago

Amount20:03 today1 year ago1Y change
0.5 MATIC$0.3374$0.5538
-39.10%
1 MATIC$0.6747$1.11
-39.10%
5 MATIC$3.37$5.54
-39.10%
10 MATIC$6.75$11.08
-39.10%
50 MATIC$33.74$55.38
-39.10%
100 MATIC$67.47$110.76
-39.10%
500 MATIC$337.37$553.82
-39.10%
1000 MATIC$674.74$1,107.63
-39.10%

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.