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.
DDK to AZN conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₼0 | 0.0200% / 0.0320%VIP 7 |
How to buy DDKoin
Buy DDK (or USDT) for AZN (Azerbaijani Manat) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
U Ulya_coin 41 trades|Completion rate 93.00% | 1.72 AZN | Amount59.41 USDT Limit34 - 70 AZN | ||
a aze_kripto_001 102 trades|Completion rate 98.00% | 1.75 AZN | Amount591.61 USDT Limit34 - 1035 AZN | ||
S SAHIB_EXCHANCE 100 trades|Completion rate 97.00% | 1.75 AZN | Amount85.71 USDT Limit34 - 350 AZN | ||
K KriptoAz 6 trades|Completion rate 43.00% | 1.75 AZN | Amount261.15 USDT Limit34 - 457.01 AZN | ||
H HIKMET_1990 74 trades|Completion rate 96.00% | 1.78 AZN | Amount855 USDT Limit34 - 1521 AZN |
Sell DDK (or USDT) for AZN (Azerbaijani Manat) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S SecureX 173 trades|Completion rate 99.00% | 1.68 AZN | Amount15108.6 USDT Limit34 - 10360 AZN | ||
G GarantExc 18 trades|Completion rate 100.00% | 1.68 AZN | Amount1940 USDT Limit34 - 1650 AZN | ||
S SAHIB_EXCHANCE 100 trades|Completion rate 97.00% | 1.67 AZN | Amount9135.73 USDT Limit34 - 400 AZN | ||
K KriptoAz 6 trades|Completion rate 43.00% | 1.67 AZN | Amount547 USDT Limit34 - 517.72 AZN | ||
U Ulya_coin 41 trades|Completion rate 93.00% | 1.65 AZN | Amount4572.78 USDT Limit34 - 500 AZN |
What factors influence the conversion rate of DDKoin to Azerbaijani Manat?
DDKoin to Azerbaijani Manat is rising this week.Conversion tables
The exchange rate of DDKoin is increasing.DDK to AZN
AZN to DDK
Today vs. 24 hours ago
Amount | 05:13 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 DDK | $0.00 | $0.00 | 0.00% |
1 DDK | $0.00 | $0.00 | 0.00% |
5 DDK | $0.00 | $0.00 | 0.00% |
10 DDK | $0.00 | $0.00 | 0.00% |
50 DDK | $0.00 | $0.00 | 0.00% |
100 DDK | $0.00 | $0.00 | 0.00% |
500 DDK | $0.00 | $0.00 | 0.00% |
1000 DDK | $0.00 | $0.00 | 0.00% |
Today vs. 1 month ago
Amount | 05:13 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 DDK | $0.00 | $-0.006365 | +4.67% |
1 DDK | $0.00 | $-0.01273 | +4.67% |
5 DDK | $0.00 | $-0.06365 | +4.67% |
10 DDK | $0.00 | $-0.1273 | +4.67% |
50 DDK | $0.00 | $-0.6365 | +4.67% |
100 DDK | $0.00 | $-1.2729 | +4.67% |
500 DDK | $0.00 | $-6.3647 | +4.67% |
1000 DDK | $0.00 | $-12.7293 | +4.67% |
Today vs. 1 year ago
Amount | 05:13 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 DDK | $0.00 | $-0.09413 | +194.36% |
1 DDK | $0.00 | $-0.1883 | +194.36% |
5 DDK | $0.00 | $-0.9413 | +194.36% |
10 DDK | $0.00 | $-1.8826 | +194.36% |
50 DDK | $0.00 | $-9.4132 | +194.36% |
100 DDK | $0.00 | $-18.8263 | +194.36% |
500 DDK | $0.00 | $-94.1317 | +194.36% |
1000 DDK | $0.00 | $-188.2635 | +194.36% |
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