Azn Converter
Convert Azn to Usd and more • 166 conversions
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Unit Explanations
Azerbaijani New ManatAZN
Source UnitThe Azerbaijani New Manat (AZN) is the currency of Azerbaijan, introduced in 2006, replacing the old manat at a rate of 1 AZN to 5,000 old manats. It is subdivided into 100 qəpik. The AZN is issued by the Central Bank of Azerbaijan and serves as a medium of exchange, a unit of account, and a store of value. The currency is notable for its modern polymer notes featuring various national symbols, cultural icons, and landmarks, which enhance security and durability. The AZN is vital for domestic trade and international transactions.
Current Use
The Azerbaijani New Manat is used predominantly within Azerbaijan for all forms of transactions, including retail, services, and international trade. It is the only legal tender in the country, facilitating economic activities and ensuring price stability in the market. The currency plays a crucial role in the country's financial system, impacting inflation rates, investment, and economic growth. The AZN is also traded in foreign exchange markets and is subject to the influences of regional economic conditions.
Fun Fact
The AZN was introduced to help stabilize the economy after Azerbaijan's independence in 1991.
United States Dollar$
Target UnitThe United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
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📐Conversion Formula
= × 1.00000How to Convert
To convert to , multiply the value by 1.00000. This conversion factor represents the ratio between these two units.
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💡 Pro Tip: For the reverse conversion ( → ), divide by the conversion factor instead of multiplying.
Azerbaijani New Manat
currency • Non-SI
Definition
The Azerbaijani New Manat (AZN) is the currency of Azerbaijan, introduced in 2006, replacing the old manat at a rate of 1 AZN to 5,000 old manats. It is subdivided into 100 qəpik. The AZN is issued by the Central Bank of Azerbaijan and serves as a medium of exchange, a unit of account, and a store of value. The currency is notable for its modern polymer notes featuring various national symbols, cultural icons, and landmarks, which enhance security and durability. The AZN is vital for domestic trade and international transactions.
History & Origin
The Azerbaijani New Manat was introduced in 2006, replacing the previous manat which had been in circulation since 1992, following the country’s independence from the Soviet Union. The introduction of the new currency aimed to stabilize the economy and curb inflation. The decision was made by the Central Bank of Azerbaijan as part of broader economic reforms to modernize the financial system and enhance the credibility of the currency in both domestic and international markets.
Etymology: The term 'manat' is derived from the Arabic word 'manāṭ', meaning 'to give' or 'to pay'.
Current Use
The Azerbaijani New Manat is used predominantly within Azerbaijan for all forms of transactions, including retail, services, and international trade. It is the only legal tender in the country, facilitating economic activities and ensuring price stability in the market. The currency plays a crucial role in the country's financial system, impacting inflation rates, investment, and economic growth. The AZN is also traded in foreign exchange markets and is subject to the influences of regional economic conditions.
💡 Fun Facts
- •The AZN was introduced to help stabilize the economy after Azerbaijan's independence in 1991.
- •Azerbaijani banknotes feature images of national leaders, cultural landmarks, and historical events.
- •The AZN is one of the few currencies that has been redesigned several times to improve security features.
📏 Real-World Examples
🔗 Related Units
United States Dollar
currency • Non-SI
Definition
The United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
History & Origin
The United States Dollar has its origins in the Spanish dollar, which was widely used in the Americas during the colonial period. The first official dollar was issued by the Continental Congress in 1775 during the American Revolutionary War. The Coinage Act of 1792 established the U.S. dollar as the country's standard unit of money, allowing for the production of coins in various denominations. The dollar was initially defined in terms of specific weights of silver and gold, reflecting the bimetallic standard prevalent at the time, leading to the establishment of the U.S. Mint for the purpose of producing coinage.
Etymology: The term 'dollar' comes from the German word 'Thaler', which referred to a silver coin that was minted in the 16th century.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
💡 Fun Facts
- •The U.S. dollar is the most widely used currency for global trade.
- •More than 60% of all foreign exchange reserves are held in USD.
- •The design of the dollar bill has not changed significantly since 1929.
📏 Real-World Examples
🔗 Related Units
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Frequently Asked Questions
How do I convert to ?▼
To convert to , multiply your value by 1. For example, 10 equals 10 .
What is the formula for to conversion?▼
The formula is: = × 1. This conversion factor is based on international standards.
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