Current USD to AZN Exchange Rate
As of June 19, 2024, the current exchange rate for converting US Dollars (USD) to Azerbaijani Manats (AZN) is 1 USD = 1.6999496 AZN. This means that for every 1 US Dollar, you can get approximately 1.70 Azerbaijani Manats. The exchange rate is provided by Xe, a trusted source for currency conversions.
It’s important to note that this is the mid-market exchange rate, which is used for informational purposes only. Actual rates used by banks, currency exchange providers, or for money transfers may vary slightly due to additional fees and market fluctuations.
USD to AZN Conversion Rate
To convert US Dollars to Azerbaijani Manats, you can use a simple calculation. Multiply the amount of USD you want to convert by the current exchange rate. For example, if you want to convert 100 USD to AZN, the calculation would be:
- 100 USD x 1.6999496 = 169.99 AZN
Many online currency converters and calculators are available to easily convert USD to AZN. These tools provide up-to-date exchange rates and allow you to input the amount you wish to convert for quick and accurate results.
AZN to USD Conversion Rate
If you need to convert Azerbaijani Manats back to US Dollars, the reverse exchange rate is used. Currently, 1 AZN = 0.588253 USD. To calculate the amount of USD you would receive for a given amount of AZN, multiply the AZN amount by the exchange rate.
For instance, to convert 200 AZN to USD:
- 200 AZN x 0.588253 = 117.65 USD
USD to AZN Exchange Rate History
Analyzing the historical exchange rates between USD and AZN can provide insights into currency fluctuations and trends over time. By examining the past performance of the USD/AZN currency pair, individuals and businesses can make more informed decisions when converting currencies or planning international transactions.
Exchange rates are influenced by various factors, including economic conditions, political events, and market sentiment. Keeping track of historical exchange rates can help identify patterns and anticipate potential changes in the value of the Azerbaijani Manat relative to the US Dollar.
30-Day High and Low USD/AZN Rates
Over the past 30 days, the USD to AZN exchange rate has fluctuated within a specific range. The highest exchange rate observed during this period was 1 USD = 1.7019 AZN, while the lowest rate was 1 USD = 1.6999 AZN.
These high and low rates provide a snapshot of the short-term volatility in the USD/AZN currency pair. Monitoring these fluctuations can help individuals and businesses gauge the stability of the Azerbaijani Manat and make informed decisions when timing their currency conversions.
90-Day High and Low USD/AZN Rates
Expanding the timeframe to the past 90 days offers a broader perspective on the USD to AZN exchange rate. During this period, the highest rate reached was 1 USD = 1.7026 AZN, and the lowest rate observed was 1 USD = 1.6999 AZN.
Comparing the 90-day high and low rates to the 30-day rates can provide insights into the medium-term stability of the Azerbaijani Manat. If the range between the high and low rates is relatively narrow, it suggests that the currency has been stable over the past three months.
USD to AZN Average Exchange Rates
In addition to high and low exchange rates, analyzing the average exchange rates over specific periods can provide a more balanced view of the USD to AZN currency relationship. Average rates smooth out short-term fluctuations and give a better indication of the typical exchange rate during a given timeframe.
Average exchange rates are particularly useful for businesses that regularly deal with currency conversions or for individuals planning to make multiple transactions over a period of time.
30-Day Average USD to AZN Rate
The average USD to AZN exchange rate over the past 30 days is 1 USD = 1.7004 AZN. This means that, on average, one US Dollar could be exchanged for approximately 1.70 Azerbaijani Manats during the last month.
Comparing the current exchange rate to the 30-day average can help determine whether the present rate is favorable or not. If the current rate is higher than the average, it may be a good time to convert USD to AZN, as you would receive more Manats for each Dollar.
90-Day Average USD to AZN Rate
Over the past 90 days, the average USD to AZN exchange rate stands at 1 USD = 1.7006 AZN. This indicates that, on average, one US Dollar could be converted to roughly 1.70 Azerbaijani Manats during the last three months.
Comparing the 90-day average to the 30-day average can reveal longer-term trends in the USD/AZN currency pair. If the 90-day average is higher than the 30-day average, it suggests that the Azerbaijani Manat has been strengthening against the US Dollar over the past three months.
USD/AZN Exchange Rate Volatility
Exchange rate volatility refers to the degree of fluctuation or uncertainty in the value of a currency pair over a specific period. High volatility indicates that the exchange rate is subject to significant changes in a short timeframe, while low volatility suggests more stable and predictable exchange rates.
Understanding exchange rate volatility is crucial for managing currency risk, especially for businesses engaged in international trade or individuals planning to convert large amounts of money.
30-Day USD/AZN Volatility
The volatility of the USD/AZN exchange rate over the past 30 days is 0.04%. This low volatility percentage indicates that the exchange rate has been relatively stable during the last month, with only minor fluctuations observed.
Low volatility in the short term suggests a lower risk associated with converting between USD and AZN, as the exchange rate is less likely to experience sudden and significant changes.
90-Day USD/AZN Volatility
Over the past 90 days, the USD/AZN exchange rate volatility is also 0.04%. This consistency in volatility across both the 30-day and 90-day periods indicates that the Azerbaijani Manat has maintained a stable relationship with the US Dollar over the medium term.
Low volatility in the USD/AZN currency pair over an extended period suggests a more predictable exchange rate environment, which can be beneficial for businesses and individuals planning their currency conversions in advance.
Azerbaijani Manat Currency Profile
The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, a country located in the Caucasus region at the crossroads of Eastern Europe and Western Asia. Understanding the key characteristics and history of the Azerbaijani Manat is essential for anyone dealing with this currency.
AZN Currency Code and Symbol
The Azerbaijani Manat is represented by the currency code “AZN” and the symbol “₼”. When writing amounts in Azerbaijani Manats, the symbol is placed before the numerical value, for example, ₼100.
| Currency | Code | Symbol |
|---|---|---|
| Azerbaijani Manat | AZN | ₼ |
History of the Azerbaijani Manat
The modern Azerbaijani Manat was introduced on January 1, 2006, replacing the previous currency, the Azerbaijani Manat (AZM), at a rate of 1 AZN = 5,000 AZM. The introduction of the new Manat was part of a broader currency reform aimed at simplifying monetary transactions and promoting economic stability.
Prior to the introduction of the Manat, Azerbaijan used the Soviet ruble and, briefly, the Russian ruble following the collapse of the Soviet Union. The first Azerbaijani Manat (AZM) was introduced in 1992 after gaining independence.
USD to AZN Exchange Rate Providers
When looking to convert US Dollars to Azerbaijani Manats, there are various exchange rate providers available, each with its own advantages and considerations. These providers include banks, currency exchange services, and online money converters.
Bank Exchange Rates for USD to AZN
Many banks offer currency exchange services, allowing customers to convert USD to AZN either in-person at a branch or through online banking platforms. Bank exchange rates may vary from the mid-market rate and often include additional fees or commissions.
When exchanging currency at a bank, it’s essential to compare rates and fees across different financial institutions to find the most competitive option. Some banks may offer more favorable rates to their account holders or for larger transaction amounts.
Online Currency Converters for USD to AZN
Online currency converters provide a convenient way to check the current USD to AZN exchange rate and calculate conversions. These digital tools aggregate data from various sources to offer up-to-date and competitive exchange rates.
Some popular online currency converters include:
- Xe
- Google Finance
- Yahoo Finance
- Bloomberg
- Reuters
When using online currency converters, it’s important to remember that the rates provided are for informational purposes only and may not reflect the actual rates used for transactions by banks or currency exchange services. Additionally, some online converters may charge a small fee for their services.
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