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VeChain to Azerbaijani Manat Converter and calculator

Convert 1VeChain (VET) to Azerbaijani Manat (AZN) equals ₼ 0.07159 | 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 VeChain currency pair is the VET to AZN, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AZN.

VET to AZN conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed -11.56% to AZN. Based on the trend and price charts, VeChain(VET) has changed -11.56% to AZN while Azerbaijani Manat(AZN) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₼0.07159
0.0001% / 0.0004%vip-iconVIP
Binance
₼0.07091
0.1000% / 0.1000%
Yes
Huobi
₼0.07097
0.1000% / 0.1000%
Yes
Gate.io
₼0.07097
0.1000% / 0.1000%
Yes
KuCoin
₼0.07092
0.1000% / 0.1000%
Yes
Bitfinex
₼0.07089
0.1000% / 0.1000%
Yes
Last updated 2024/04/13 03:00:33(UTC+0)

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

VeChain to Azerbaijani Manat is rising this week.
VeChain's current market price is ₼ 0.07159 per VET, with a total market cap of ₼ 5,205,391,491.26 AZN based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by -4.34% (₼ -17,307,252.07 AZN) in the last 24 hours. Last trading day, VET's trading volume was ₼ 398,876,516.93.
Market cap
$3.05B
24h volume
$223.75M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at ₼ 0.07159 AZN , which means buying 5 VET will cost ₼ 0.3579 AZN . Similarly, ₼1 AZN can be traded for 13.97 VET, and ₼50 AZN can be converted to 698.45 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Azerbaijani Manat has changed by +3.49% in the last 7 days. In the last 24 hours, the rate has fluctuated by -11.56%, reaching a high of 0.08630 AZN and a low of 0.06795 AZN . One month ago, the value of 1 VET was ₼ 0.08314 AZN , which represents a -13.90% change from its current value. Over the last year, VeChain has changed by
+
0.02748AZN
, resulting in a change of +62.29% in its value.

VET to AZN

Amount
03:23 am today
0.5 VET
0.03579
1 VET
0.07159
5 VET
0.3579
10 VET
0.7159
50 VET
3.58
100 VET
7.16
500 VET
35.79
1000 VET
71.59

AZN to VET

Amount03:23 am today
0.5AZN6.98  VET
1AZN13.97  VET
5AZN69.85  VET
10AZN139.69  VET
50AZN698.45  VET
100AZN1,396.91  VET
500AZN6,984.54  VET
1000AZN13,969.08  VET
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Today vs. 24 hours ago

Amount03:23 am today24 hours ago24h change
0.5 VET$0.02099$0.02373
-11.56%
1 VET$0.04198$0.04747
-11.56%
5 VET$0.2099$0.2373
-11.56%
10 VET$0.4198$0.4747
-11.56%
50 VET$2.1$2.37
-11.56%
100 VET$4.2$4.75
-11.56%
500 VET$20.99$23.73
-11.56%
1000 VET$41.98$47.47
-11.56%

Today vs. 1 month ago

Amount03:23 am today1 month ago1M change
0.5 VET$0.02099$0.02438
-13.90%
1 VET$0.04198$0.04875
-13.90%
5 VET$0.2099$0.2438
-13.90%
10 VET$0.4198$0.4875
-13.90%
50 VET$2.1$2.44
-13.90%
100 VET$4.2$4.88
-13.90%
500 VET$20.99$24.38
-13.90%
1000 VET$41.98$48.75
-13.90%

Today vs. 1 year ago

Amount03:23 am today1 year ago1Y change
0.5 VET$0.02099$0.01293
+62.29%
1 VET$0.04198$0.02587
+62.29%
5 VET$0.2099$0.1293
+62.29%
10 VET$0.4198$0.2587
+62.29%
50 VET$2.1$1.29
+62.29%
100 VET$4.2$2.59
+62.29%
500 VET$20.99$12.93
+62.29%
1000 VET$41.98$25.87
+62.29%

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.