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Western Union

Western Union

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£10
15
6%
0.000
0.00 EUR
FCA Regulated

Natwest Bank

Natwest Bank

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
20
5%
0.000
0.00 EUR
FCA Regulated

HSBC Bank

HSBC Bank

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
30
5%
0.000
0.00 EUR
FCA Regulated

Bank of Cyprus

Bank of Cyprus

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
30
5%
0.000
0.00 EUR
FCA Regulated

WorldFirst

WorldFirst

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£1000
0
0.8%
0.000
0.00 EUR
FCA Regulated

Currency Rates for Azerbaijani Manat

Currency Information on Azerbaijani Manat - AZN — Azerbaijani Manat – m. The foreign exchange rates for Azerbaijan also known as the ISO code AZN or the Azerbaijani Manat currency and as a symbol m. Send Money Transfer to Azerbaijan.
Current coins in circulation are; 1, 3, 5, 10, 20, 50 qəpik, one Manat is equal to 100 qəpik. Banknote denominations available are; 1, 5, 10, 20, 50, 100 manat.

Currency Information on Azerbaijani Manat - AZN — Azerbaijani Manat – m

The foreign exchange rates for Azerbaijan also known as the ISO code AZN or the Azerbaijani Manat currency and as a symbol m.

HISTORY

First Manat

The Azerbaijan Republic and the Soviet Socialist Republic of Azerbaijan that succeeded it both issued their own currency and that happened between the year 1919 and 1923. The payment means was called the Azerbaijani manat. The Azerbaijani manat became a replacement for the already existing Transcaucasian ruble and was at par with it and after Azerbaijan was made a part of the Transcaucasian Soviet Federal Socialist Republic, the manat was replaced by the second Transcaucasian ruble. There were no subdivision issued, and the legal tender was only made available as banknotes. 

Second Azerbaijani Manat

The introduction of the second manat was carried out on the 15th day of August, 1992, bearing the ISO 4217 code AZM and served as the replacement for the the Soviet ruble pegged at a rate of Ten (10) rubles to 1 Azerbaijani manat.

Between early 2002 and early 2005, the rate of exchange was stable on the average (ranging between a band of 4770–4990 manat for a US dollar). From the spring in 2005, in existence was a slight but stable rise in value of the Azerbaijani manat when pitched against the US dollar; the probable reason was likely being the rise in the flow of petrodollars into Azerbaijan, that coupled with the overall high price of petroleum at the world market. Towards the fourth quarter of 2005, one US dollar was equal to 4591 manat. Nites below 100 Azerbaijani manat had practically been mopped up from circulation as at 2005, same was for th pik coins. 

Robert Kalina designed the Azerbaijani manat coins and banknotes in circulation.He also designed the Euro notes and coins, which is why the Azerbaijani manat currency so closely resembles euro coinage and banknotes. New Azerbaijan manat notes were rolled out in Azerbaijani in 2009 just as Azrbaycan Mərkəzi Bankı was renamed the National Bank of Azerbaijan meaning the Central Bank of Azerbaijan.

COINS AND NOTES AVAILABLE Current coins that are in circulation are; 1, 3, 5, 10, 20, 50 qəpik, one Azerbaijani Manat is equal to 100 qəpik. Banknote denominations available are; 1, 5, 10, 20, 50, 100 manat. Prices in Azerbaijan are displayed in both old Azerbaijani manat and new Azerbaijani manat; this is to ease the transition from old Azerbaijani manat to new Azerbaijani manat, which was rolled out at a ratio of 5,000 old Azerbaijani Manat to 1 new Azerbaijani manat. 

ISSUES, SUBSTITUTES AND RESTRICTIONS

As at today, there are no restrictions, issues or substitutes to the Azerbaijani manat. 

Prices in Azerbaijan are displayed in both old manat and new manat; this is to ease the transition from old manat to new manat, which was introduced at a ratio of 5,000 old Manat to 1 new manat. Robert Kalina is responsible for the design of the manat coins and banknotes in circulation.

GBP to AZN

He also designed the Euro notes and coins, which is why the manat currency so closely resembles euro coinage and banknotes. New notes were issued in Azerbaijan in 2009 after the National Bank of Azerbaijan was renamed Azərbaycan Mərkəzi Bankı – Central Bank of Azerbaijan. Bank Exchange Rates for Azerbaijani Manat. The foreign exchange rates for Azerbaijan also known as the ISO code AZN. Send money transfer online with us with the cheapest options

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